The Bde Warns that Access to Housing Gets Worse because the Price Rise Cancels Out Part of the Rate Reduction

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Center

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Ownership

Spanish families face a threat to access a home on their own. If the reduction in interest rates, currently at 2%, had rekindled the demand for mortgages, now the rise in the price of real estate attenuates this improvement resulting from this reduction in financing costs. According to the 'Report Financial Situation of Households and Companies', prepared by the Banco de España (BdE), the index of accessibility to home ownership with bank loans …

laprovincia.es

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Ownership

Access to home ownership runs the risk of becoming one of Spain’s main socio-economic problems, despite the fact that the European Central Bank (ECB) has been lowering the euro area’s reference interest rates since June last year, resulting in lower credit rates, and that the good evolution of the Spanish economy and the moderation of inflation are raising households’ disposable income. Both positive effects, however, were virtually neutralized …

Forbes España

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Ownership

MADRID, 14 (EUROPA PRESS) The Banco de España has warned of an upturn in the risk of non-payment of its credits by non-financial companies, which has been driven mainly by the construction and real estate sector and other services. The agency has published an analysis of the evolution [...] La entrada Banco de España warns of an increased risk of non-payment by companies, especially in the real estate sector aparece primero en Forbes España.

Business Insider (Spain)

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Ownership

In our country there is an extraordinary excess of demand in the housing market that will get worse in the coming years, warns the Banco de España based on the most recent reports.