Spain: Financial Sector Assessment Program: Technical Note: Housing Prices, Household Debt, and Financial Stability
June 14, 2006
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
This report reviews the macroeconomic determinants of the rapid growth in the Spanish housing market, including various policy elements. It examines the vulnerabilities of households' finances as a result of the rapid growth of housing prices and mortgage debt. It also describes the Spanish mortgage market and assesses the resilience of the financial sector to a possible adjustment in the housing and mortgage markets. It presents a market-based indicator to show the market views on the quality of the mortgage portfolio and also provides recommendations.
Subject: Credit, Financial institutions, Housing, Housing prices, Loans, Money, Mortgages, National accounts, Prices
Keywords: asset swap, CR, Credit, credit institution, fall scenario, Housing, housing price, Housing prices, ISCR, Loans, mortgage contract, mortgage lending, mortgage portfolio, Mortgages, rate mortgage
Pages:
27
Volume:
2006
DOI:
Issue:
210
Series:
Country Report No. 2006/210
Stock No:
1ESPEA2006001
ISBN:
9781451812138
ISSN:
1934-7685
