(a) Evolution of mortgages

Last update on, AllCredit

Hipotecas en España

Crédito en España

Burbuja inmobiliaria

Interpretation and observations

Credit correlates positively with the evolution of housing prices. Some observations:

(b) Euribor and interest rates

Euribor y interes hipotecas

Politica monetaria y precio vivienda

Tipo de hipotecas firmadas

Interpretation and observations

The Euro Interbank Offered Rate (Euribor) plays a key role in the mortgage market. An increase of the Euribor implies an increase in mortgage rates, which if sustained for longer periods, constraints the debt capacity for borrowers, resulting in general price stagnation due to the lack of new money flowing into the system, or even price regression if there is an excessive amount of credit accumulated (credit bubble).

Data sources

©HousingSpanish. Creative Commons Attribution-ShareAlike 4.0 International License.