The mortgage loans are going to relax
25.06.2008
The sale of apartments is clearly in downward tendency. It is the only thing that does not rise in spite of how necessary an increase would be in this sector.
The National Institute of Statistics (INE) had revealed it in his reports and the Department of Housing has confirmed it: "this market is in full free fall” and without anything that holds it …
Until March, 2008 32 % of operations has been executed less than in the equivalent period of last year. It has been months since we do not surprise the real estate market because his collapse has not been seen and not seen. In few paabras: percussion cap.
There are the second-hand housings those that have registered a major descent: 47 % opposite to the piece of news that 13 % lowered.
It is no wonder that the prices of the real estate have begun to go down and to be moderated. And the fact is that with the banking restricting more and more mortgage loans there diminish the persons who can choose to the buy. Or they reduce the prices or he does not boil away … it is the natural law of the offer and the demand.
With everything there are those who still speak about the deceleration like “soft landing”, while others think it “the first phase of the crisis”. Be which be the name, what has turned out to be more reduced in his growth has been the sale of housings and the consequent sector of the construction.
The Spanish Bank thinks, nevertheless, that the problems in the loans are going to relax from next month because the margins applied to these go to be extending gradually.
Route: EFE
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