Articles tagged as: bank of spain

July 7th, 2015

According to data from the Bank of Spain, as at May this year a total of 1,659 million euros in pesetas still remain unredeemed, which is the equivalent of 276,034 million pesetas, of which 856 million euros (142,426 million pesetas) are in bank notes, and 803 million euros (133,607 million ...

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June 22nd, 2015

The latest data published by the Bank of Spain reveals that the default rate of mortgage loans for the purchase of housing fell to 5.8% in March, in the same way that the rate for developer and real estate sector loans dropped to 34.7%. In the last year, the default rate ...

Continue reading Mortgage Default Rate for Home Purchase Falls to 5.8%

May 14th, 2015

One of the variables most commonly used to work out the accessibility of housing is the calculation of the property price over the available household gross income. In a monthly report entitled the "Real Estate Thermometer", published by La Caixa Research, the entity indicates that the effort to gain access ...

Continue reading Financial Effort to Buy a Home at Sustainable Levels

March 11th, 2015

Following years of declines, private consumption in Spain is now recovering and is forecast to grow by 2.7% in 2015, compared with the 2.3% growth registered the previous year which, according to a study carried out by the Institute of Economic Studies from European Commission forecasts, will rank it in ...

Continue reading Spain One of the EU Countries Where Private Consumption Will Rise in 2015

March 6th, 2015

The level of Spanish households’ debt fell in January by 2,943 million euros, compared with the month of December, to 745,414 million euros, according to the latest data from the Bank of Spain, which represents a month-on-month decline of 0.39% and a 4.2% decline, year-on-year. With the January decline, Spanish household ...

Continue reading Household Debt Falls to 2006 Levels in January

February 9th, 2015

In a bid to convince potential homebuyers to change their customs, and at the same time increase their own revenues from loans, some Spanish banks are now offering American-style fixed rate mortgages with repayment periods of up to 30 years. This comes in the wake of the recent signs of ...

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January 21st, 2015

In their January report, the Alliance for Tourism Excellence (Exceltur) estimated that the activity of the Spanish tourism sector increased by 2.9% in 2014, and generated 53,200 jobs. The Executive Vice President of the organisation, José Luis Zoreda, stressed during a press conference, that the data shows that "in 2014 Spanish ...

Continue reading Spanish Tourism Sector Grew by 2.9% in 2014

January 16th, 2015

The latest data released from the Bank of Spain reveals that the net financial wealth of Spanish families reached 1,134,131 million euros in the third quarter of 2014, which represents a decrease of 0.17% compared to the previous quarter, and is the first quarter-on-quarter decline since the end of 2012. ...

Continue reading Family Wealth Fell in Q3 for First Time Since 2012

January 2nd, 2015

Spaniards have until 31st December 2020 to redeem the 1,664 million euros which they still hold in coins and banknotes of the old Spanish peseta currency. According to provisional data published earlier this week by the Bank of Spain, at the end of October, a total value of 860 million euros ...

Continue reading December 2020 Deadline for Redeeming Pesetas

December 3rd, 2014

The latest data from the Bank of Spain shows that household debt fell again in October for the fourth consecutive month, and stood at 753,407 million euros, its lowest level since October 2006, demonstrating the debt elimination process Spanish households have been undergoing since the onset of the economic crisis. In ...

Continue reading Household Debt Registers Fourth Consecutive Monthly Decline in October

November 6th, 2014

The Bank of Spain’s latest Financial Stability Report, the institution’s six-monthly publication which analyses the evolution of the risk, solvency and profitability of deposit institutions, finds that the adjustment in the Spanish property market is nearing its completion, and even corroborates some other organisations' statistics, which are already pointing to ...

Continue reading Bank of Spain Notes ‘Timid Spikes’ in Housing Prices

August 4th, 2014

  According to Bankinter, signs of stabilisation are beginning to become apparent in the Spanish housing market: the demand for housing is growing compared to 2013, the fall in prices has slowed considerably, and the economic environment will continue to improve over the next 18 months. The financial institution ...

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July 4th, 2014

The household debt in Spain fell again in May, for the sixth consecutive month, and stood at 769,535 million euros, its lowest level since November 2006, according to the Bank of Spain’s data, which confirms the reduction of the debt burden of Spanish households since the onset of the economic ...

Continue reading Spanish Household Debt in May at Lowest Level Since 2006

June 19th, 2014

Analysts at the Citigroup Research Service estimate that housing prices in Spain could still fall by an additional 5% to 10%, pointing to at least another year of declines before prices reach their minimum levels, and at the same time they rule out activity in the sector recovering in "the ...

Continue reading Citi Believes House Prices Will Fall by Further 5% to 10%

June 5th, 2014

The balance of Spanish household debt stood at 771,604 million euros in April, representing a decrease of 5.3% compared to the same month last year (814,626 million euros) and also a drop of 2,719 million (0.3%) over March when it stood at 774,323 million euros, according to data published earlier ...

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