Articles tagged as: bank of spain

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 ...

Continue reading Spanish Household Debt Fell by 5.6% in 2013

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

December 6th, 2013

According to the Bank of Spain, the Spanish still have in their possession a total of 1,677 million euros in unredeemed pesetas (equivalent to 279,029 million pesetas), of which 871 million euros (144,922 million pesetas) are in notes, and 806 million euros (134,107 million pesetas) are in coins. In October, two ...

Continue reading 1,677 Million Euros in Pesetas Remain Unredeemed

November 11th, 2013

The household debt in Spain fell by 4.5% in September, year-on-year, to stand at 798,045 million euros, bringing it to its lowest level since February 2007, before the crisis, according to the latest figures published by the Bank of Spain. The Bank estimates the year-on-year variations of these balances from ...

Continue reading Household Debt at Lowest Level Since 2007

November 4th, 2013

Officially, the Spanish economy is not in recession. On Wednesday the National Statistics Institute published the flash estimate of gross domestic product (GDP) figures for the third quarter of 2013, and confirmed what the Bank of Spain had already announced: that the GDP increased by 0.1% between June and September, ...

Continue reading Spain Out of Recession as GDP Grows by 0.1%

October 28th, 2013

According to the latest data from the Bank of Spain, foreign investment in Spanish real estate reached 2,834 million euros in the first half of 2013, the largest amount in nine years, while Spanish spending on property outside of the country registered its lowest level in 10 years, at 199 ...

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October 8th, 2013

According to data from the Bank of Spain, foreign investors injected 1,717 million euros into Spanish real estate assets, from homes to offices and shopping centres, during the second quarter of 2013, representing an increase of 53.7% over the first quarter of 2013. Year-on-year, the increase amounts to 32.9%. Thus, the ...

Continue reading Foreign Investment in Spanish Real Estate Up 32.9% Year-on-Year

October 7th, 2013

Household debt fell by 3.9% in August, reaching a total of 806,065 million euros, compared with 843,995 million euros a year earlier, which takes the household debt in Spain to its lowest level since March 2007, before the crisis, according to data released by the Bank of Spain. In relation ...

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September 20th, 2013

The arrears of loans granted by banks, savings banks, cooperatives and credit institutions (EFC) to individuals and companies, climbed to 11.9% in July, up three points from the previous month, marking a new record since the Bank of Spain began collecting data. Diario Sur reported that, according to the data published ...

Continue reading Banking Delinquencies Mark New Record in July