bank of spain
December 9th, 2013
Continue reading Spanish Household Debt Down 5.2% in October
December 6th, 2013
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 ...
Continue reading Foreign Investment in Spanish Property Highest in Nine Years
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 ...
Continue reading Household Debt at Lowest Level Since March 2007
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
September 4th, 2013
The financial debt of Spanish households stood at 807,446 million euros in July, representing a fall of 4.7% compared to the same month of 2012 (847,405 million). This figures puts household debt in Spain at its lowest level since March 2007, before the crisis. According to data published by the Bank ...
Continue reading Spanish Household Debt Falls to Pre-Crisis Levels
August 21st, 2013
According to the latest data published by the Bank of Spain, arrears on loans granted by banks, savings banks, cooperatives and credit institutions, to individuals and companies, climbed to 11.6% in June, four tenths more than in the previous month. Thus, the default rate of the Spanish financial system reached a ...
Continue reading Spain’s Banking Delinquencies Marks New Record in June
August 5th, 2013
According to the latest report published by the National Statistics Institute, the Spanish economy has slowed its decline, contracting by only 0.1% in the second quarter, four tenths less than in the first, and fell by 1.7% year-on-year, which is one tenth less than predicted by the Bank of Spain. ...
Continue reading Spain Accumulates Eight Consecutive Quarters in Recession
July 10th, 2013
The President of the Spanish Federation of Travel Agencies (CEAV), Rafael Gallego, in a statement to Europa Press this week said that the tourism forecast for this summer, after one week into the season, is "pretty good", with the number of domestic and international tourists in Spain expected to increase ...
Continue reading Record Summer Predicted for Spanish Tourism
July 1st, 2013
According to the latest data from the Bank of Spain, in 2012 Spanish families spent 33.1% of their annual gross disposable income (with tax deductions) on buying a home, representing an average of 5.9 years of salary, far lower than the 7.5 years (51.9%) required during the property sector boom. In ...
Continue reading Households Spent 33% of Annual Income Buying a Home in 2012
June 6th, 2013
The Bank of Spain estimates that house prices have fallen by 34.4% in real terms since the beginning of the adjustment process in the second quarter of 2008. This is according to their 2012 Annual Report, which also notes that the downward trend has continued in the first months of ...
Continue reading House Prices Have Fallen by 34.4%, Says Bank of Spain
May 7th, 2013
In March, the volume of debt which Spanish households had contracted with financial institutions reached 820,183 million euros, representing a decrease of 4.4% in a year, and putting it at its lowest level since May 2007. According to provisional data published by the Bank of Spain on Friday, the greater part ...
Continue reading Household Debt Falls to Lowest Level Since 2007