Mortgage crisis is affected

Another fact that gives an idea of the slowdown it is experiencing the Spanish economy is that it refers to the granting of credit but since have been reduced personal and corporate loans are referred to the purchase of a house most affected by the liquidity crisis and economic and that while these loans granted by banks increased by 8%, are declining since the beginning of the year from 13% in January to the previous figure and represents the lowest growth rate since 1995.

And it was not fair that the credit market for the provision of housing continue to grow at rates as high as those recorded in 2005 when these loans increased by 22%.

As causes of this decline can be found that affects consumers because with all the basics up, from food to oil together with many people being left without work and with house prices falling and not knowing when they will stop very few people who dare to take the step of buying a home.

This step if they are with many other causes of this decline: the restrictions that financial institutions are making to give credit, because you do not need just to have a good roster and be fixed, but many institutions require guarantees give 80% of the required funding and also recruit other insurance products such as …

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