Articles tagged as: bank of spain

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 ...

Continue reading Spanish Household Debt Fell by 5.3% in April

May 20th, 2014

According to data published by the Bank of Spain, compiled from information supplied by all credit institutions, in 2013 law enforcement agents forcibly evicted 147 households – primary residences, second homes and rented homes - which is 57% less than a year earlier. Of these 147 evicted households, 93 were ...

Continue reading Forced Evictions Fell by 57% in 2013

May 6th, 2014

According to the Bank of Spain, the number of 500 euro banknotes in circulation fell by 13.1% in March and stood at 79 million units, the same level as last month and of that registered in 2005. In value, these 500 euro notes amount to a total of 39,280 million euros, ...

Continue reading 500 Euro Banknotes Down Almost 31% Since 2007

May 5th, 2014

With the publication of the flash estimates of their quarterly accounts, the National Statistics Institute confirmed what the Bank of Spain had already announced last week: that the Spanish economy accelerated its recovery in the first quarter of the year, registering a GDP growth of 0.4%, which is two-tenths greater ...

Continue reading Spain’s GDP Grew by 0.4% to March

April 17th, 2014

The volume of foreign investment in real estate in Spain rose in 2013 for the fourth consecutive year, to a total of 6,453 million euros, the highest amount recorded in the last nine years, and 16% higher than a year earlier. The increase in funds allocated to purchasing property in Spain ...

Continue reading Foreign Real Estate Investment in 2013 Highest in 9 Years

April 7th, 2014

The mortgage debt outstanding for home purchases stood at 606,774 million euros at the end of February 2014, according to the latest data released by the Bank of Spain, which is down 4.4% from a year earlier. Moreover, this figure represents the lowest level registered for this debt since April 2007, ...

Continue reading Mortgage Debt for Home Purchases at 2007 Levels

March 13th, 2014

The Consumer Price Index (CPI) remained unchanged in February over January, and fell two tenths year-on-year, to 0.0%, its lowest level in a month of February since the comparable series began in 1961, the National Statistics Institute reported this week. The definitive annual CPI data (0.0%) differed by one tenth from ...

Continue reading February Inflation Drops Two Tenths Year-on-Year to 0.0%

February 14th, 2014

In mid-2013, more than 6.5 million households in Spain had a mortgage for the purchase of a home, and of that number, 90.9% were for their main residence. Data collected in a report prepared by the Civic Circle Opinion indicate that, in 2010, mortgage lending reached a volume of 620,433 million ...

Continue reading Granting of Mortgages Showing Signs of ‘Normalisation’

February 6th, 2014

At the close of 2013, the financial debt of Spanish households stood at 787,393 million euros, representing a reduction of 5.6% compared to the previous year (when it stood at 833,822 million euros). This puts Spanish household debt at its lowest level since 2006 when the year closed with the level ...

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January 7th, 2014

Household debt rose slightly in November (+0.52%) for the first time since June, and stood at 798,039 million euros, although the figure has remained at very low levels since the country has been in crisis, according to data published by the Bank of Spain. In fact, Europa Press reported that even ...

Continue reading Household Debt Rises in November

January 1st, 2014

Foreign investors injected 45,003.6 million euros into Spain in the first ten months of the year, according to the balance of payments data published on Friday by the Bank of Spain. The data once again shows that foreign investors remain confident in the Spanish economy, which left the recession during the ...

Continue reading Foreigners Invested Over 45 Billion Euros in Spanish Economy to October

December 9th, 2013

Household debt in Spain fell by 5.2% in October, year-on-year, to stand at 793,940 million euros, compared to the 838,012 million euros registered a year earlier, bringing the household debt down to its lowest level since February 2007, before the crisis, according to the Bank of Spain. Compared with the previous ...

Continue reading Spanish Household Debt Down 5.2% in October