In the first three months of the year were 24 percent fewer mortgage loans granted compared with a year earlier. That probably has to do with the abolition of a number of incentives. This is evident Thursday to figures from the Association of Credit. The total down to appropriations: 11 percent. The number of loans granted is now back at the level of the first quarter 2010.
The credit applications also took place in the first quarter, both in number and amount by 19 and nearly 5 percent, respectively.
Decline in mortgage market
The decline in the mortgage market can be attributed to the elimination of a number of stimuli, such as the investment for a large number of energy-saving investments, the expiry of the measure on green credit and the introduction of VAT on legal fees.
The decline is felt mainly in the renovation credit, which was half lower in the first quarter.
Yet the figures show that the average amount borrowed for the purchase of a property is less than 133,000 euros. Which is similar to previous quarters.
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