Spain: Financial Sector Assessment Program: Technical Note: Housing Prices, Household Debt, and Financial Stability

June 14, 2006

Preview Citation

Format: Chicago

Spain: Financial Sector Assessment Program: Technical Note: Housing Prices, Household Debt, and Financial Stability, (USA: International Monetary Fund, 2006) accessed November 21, 2024

Summary

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

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/210
Stock No:

1ESPEA2006001
ISBN:

9781451812138
ISSN:

1934-7685

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