The price of the housing and the mortgage loans do not go of the hand
06.04.2006
The Spanish Bank thinks that the increase of the price of the housing and the increase of the mortgage credits are closely tied, although he states that although the housing is braking his upward climb, the loans contracted by the families offer less clear ‘’ signs of deceleration.
‘In case of the mortgage loans of the families the deceleration signs are less clear’, he adds a study of the Spanish Bank, which adds that as soon as possible these valuations should diminish ‘minor will be the probability of that this magnitude reaches records that they could go so far as to affect to the hereditary stability of the sector’.
This work prepared by the Service of Studies of the Spanish Bank and included in his economic journal, adds, on the contrary, that the housing yes - is giving signs of a ‘gradual and tidy’ correction, as it aims at the rule of deceleration that has showing the above mentioned variable from beginning of the year 2005.
According to the last information of the Spanish Bank, the Spanish hearths had carried debts, at the end of January, at the price of 655.300 million euros, of which 478.600 millions were corresponding on credits for the buy of housing and the rest, 175.700 millions, on credits to the consumption.
Source: Terra Actuality
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