The banks close the faucet
If there was still some doubt, The Avant-garde does the test and goes away in search of a mortgage for Barcelona for three days. Of twelve requests of mortgage loan, nine were pushed back and only three admitted ones to study, but no raisin for the filter of the commissions of risk.
It is clear that the criteria have hardened for the authorization of a loan. Not only there are born much in mind the guarantees that the clients offer, also there is putting itself a lot of emphasis on the level of indebtedness that they can assume. In Catalonia it has lowered 32 % the mortgages authorization.