The Quantitative Easing introduced by the European Central Bank last month could boost Spain’s property market, according to one professor.
Writing in El Mundo, translated by Spanish Property Insight, Gonzalo Bernardos of Barcelona University says that the ECB’s decision to inject €1.14 billion into the Eurozone economy between now and September 2016 will increase banks’ liquidity, predicting that mortgage lending will increase 8 per cent this year.
“Expect to see mortgage lenders battling it out for market share this year for the first time since the bubble burst, just like they did in the boom. This time around banks are expected to be more sensible. It won’t be a case of getting any old client, just the good ones.”
Source:: The Movechannel