Publicaciones

Prior to the 2008 financial crisis, 20% of every 100 euros of housing loans extended in the eurozone were granted in Spain. Today, five years after the country’s real estate bubble burst, that percentage stands at 5.2%. The housing market is recovering, however, with new housing loans registering double-digit year-on-year growth since April 2018. This has sparked renewed interest in how Spain’s mortgage market compares to other eurozone economies, from business indicators to interest rates to borrowing terms and conditions, bank margins, rejection rates and household debt service ratios, among other indicators. While there has been a notable pick-up in Spain´s mortgage market, the volume of mortgages granted, the size of new mortgages and the financial burden for households are all well below the highs of the past and there are no clear signs pointing to the emergence of another property bubble.

Maudos. J. (2019). «A snapshot of Spain’s mortgage market». SEFO – Spanish Economic and Financial Outlook 8, n.º 1 (enero): 39-47.