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Spanish households have weathered the current cycle of rising interest rates considerably better than on previous occasions due to the strength of the labor market and the improvement in nominal gross income, despite the spike in inflation.

Construction grows 10.5% in the second trimester of 2023, the impulse comes from Civil construction. Mortgage credit shows a contraction of 4.1% on number of mortgages and 8.6% on credit amount. The potential demand for affordable housings amounts to 3.2 million houses.

The housing market is waiting for a change of cycle that will allow for greater stability and predictability. Rental supply is at historic lows. In the short term, we do not expect construction to be very dynamic.

In the middle of 2022, the Construction sector continues to grow, 0.5% above that presented in the middle of 2021, driven by Civil Works, Building continues to contract. Bank mortgage credit in 2022 with discrete growth, has taken the lead. A h…

Home sales have increased in the last year, far more than expected in an economy that saw GDP fall 10.8% in 2020 — with sector indicators offering plenty of evidence of the strength of demand.

More than year after the start of the pandemic, the number of non-performing loans (NPLs) in the Spanish banking system continues to fall, though at a slower rate than before.

GDP contracted by 8.7% in the third quarter of 2020 compared to the same period in 2019, while housing sales increased by 4%. In Spain we are used to housing being the cause of recessions and being one of the last sectors to recover. The vigor of the upturn in purchases has therefore been a surprise.

We are currently in the midst of the worst economic crisis that Mexico has experienced in modern times. This has resulted in the sharpest declines in history and deeper impacts than those seen in 1995. Construction is not exempt, and the econom…

The mortgage burden is low, but should increase in 2020. FIBRAs and the real estate market in Mexico. Mortgage sector contractions in Mexico.

The 2018 exchange rate crisis drove the economy into a strong recession that ended the mortgage spring that had led the previous year's growth. There are still no clear signs of a solid recovery in the sector, although the outlook for 2020 is …

In December, neither sales nor mortgage origination made up all the ground lost in October and November, ending the quarter with a loss. This was in a context of job creation, but lower household confidence and greater uncertainty in the sector. New housing permits rose in November after falling for three months.

If economic crises serve for anything it is for us all to learn from our mistakes. Now that the worst is behind us, we should have been thinking for some time now about how to fix what didn’t work and how to safeguard what did.