The figures just released for the number of properties given mortgages in Spain in the month of June show a dramatic decrease from last year. In the month of June 69,239 mortgages were awarded, a drop of almost 38 per cent from the same period last year. The average amount lent also fell 4.5 per cent to 141,939 euros meaning the total amount of money lent out fell 40.5 per cent to 9,827 million euros.
The figures in Andalucia roughly reflect the national trend with the number of mortgages given dropping 35.6 per cent in relation to June 2007 to a total of 22,107.
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