This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at La reducción del coste financiero empuja el crédito para vivienda
The financial cost reduction pushing credit for housing
04/09/2009
According to data provided by the Spanish Mortgage Association (Ahe), the volume of mortgage credit increased 3.598 billion euros, in the month of June. Thus, the total balance was 1.093.795 million. In this regard, the monthly increase in June doubled that of the month of may, of 1,796 million, and surpassed the 395 million achieved in the month of April in nine times. This is, basically, the containment of the prices of homes and the reduction of the financial costs.
