| The number of mortgages issued for Spanish homes in April registered a drop unseen since the end of the housing boom, confirming the weakness of a real-estate market that is penalizing the country’s banks and growth.
The number of new mortgages declined 38.2 percent from a year earlier, the National Statistics Institute said in an e- mailed statement today. That’s the most since April 2009, when buyers pulled out of the real-estate market after the end of the housing boom in 2008..............................................Full Article: Source
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