Everything seems to be down at this time regarding the real estate sector. Is that while the mortgage balance recorded its first negative balance in the last 14 years, late payment of mortgage loans granted to Spanish families to purchase a house lowered its rates to 2.568 percent in June. In this way, and adds its third consecutive quarter in low numbers, according to data reported by the Spanish Mortgage Association.
So mortgage delinquencies stood at last June at a level not seen since two years ago, more precisely in the last quarter of 2008, after which time he suffered a steady climb up to a maximum of 3 percent in September last year.
The Spanish Mortgage Association has also provided data on bad loans to resident private sector, through the month of July this year, which stood at the 5.524 percent, which represents the largest number of the last five years.
To review these figures and institutions, it must be said that credit institutions on July 1 had a delinquency rate of 10.13 percent, which is almost double of other entities.
Then the savings are those that had a higher rate of delinquency based on the resident private sector credit, with 5.515 percent, followed closely by the banks, to 5.449 percent, and credit unions with 4.224.
In addition to these data in terms of mortgage delinquencies, Spanish Mortgage in Association has also provided data on loan delinquency for housing rehabilitation through June, which fell to 2.92 percent, which meant the first decline since December….
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