61 % of the entire credit is destined for the sector of the construction
24.06.2008
In spite of the ascent of the mortgage types and of the worsening of the climate of the economy, the Spanish Bank affirms that 61 % of the entire credit still keeps on being assined to the financing of the construction sector.
Until March of the present year one registered 1,09 trillions in buys and rehabilitations of real estate, of 1,79 available trillions. Therefore, the construction and the activities related to her, since there are the real estate services, have been financed punctually.
The industrial sector, to the margin of the previous segment, absorbed during the first three months of 2008 a whole of 143.816 millions in what on credit it refers. 18,7 % more than in 2007.
So the housing supposes a quite significant weight in the Gross National Product. We appreciate a “enormous dependency” of our economy on the construction. % of the GDP has spent in eight year 13,3 to 17,9 %.
These numbers come to us to remember how necessary it would be to continue the model applied in other northerly countries, where in addition to being provided with dependency on the construction, it is a question of realizing investments in I+d+i to resist the previous action.
The real estate rehabilitation represents in Spain 24 %, while in Europe it comes to 36 %. To confront the changes of the market the best thing is to diversify, therefore it would be necessary to restate the topic of the construction.
The fitting out subsection between other things does not consume soil. On this matter also it would be necessary to add that in this type of investments there do not affect on a large scale the limitations of loans of the banking.
Instead of attacking to the indicators and to the bad management of the financial system, the best thing is to follow the lead of those who are fine, squeezing to the maximum the solutions that hit in the eye and that many experts corroborate.
Route: The Country
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