Goirigolzarri highlights the recovery of the housing market but believes it is not yet comparable with 2007 – Yahoo Finance Spain

VALENCIA, 14 (EUROPA PRESS)

The president of Bankia, Jose Ignacio Goirigolzarri, said Monday that the housing market Spain is “recovering”, especially in the Mediterranean area, which is regarded as “good news”. However, he pointed out that this situation still “not comparable” to the 2007 data.

This was stated by the president of Bankia at a briefing with the media in Valencia, where indicated the rebound in home sales and highlighted the “recovery” of the housing market in Spain, especially in the Mediterranean area, when asked about the evolution of housing stock.

in fact it has indicated that in the first two months of 2016, Bankia has increased by 25% the number of mortgages compared to the same period of 2015 and has “readjusted” the conditions of some 100,000 mortgages and has taken part in about 4,000 mendations in payment for the last four years.

insisted on the presentation Monday of the bill by the Social Role of Housing in the Region by the Generalitat Valenciana, which includes the possibility of expropriating property to financial institutions , stressed that the entity has transferred some 2,000 housing for the social fund rental and has reached agreements for the transfer of property with several autonomous communities.

in fact, it has detailed that there is an agreement with the Region Valencia where, remarked, have been made available to the Generalitat some 300 homes “with the possibility to increase the number.”

However, it has stressed that private entities must make “every effort “I’m in your hands but stressed that mortgages” are not the cause of the vulnerability, but the effect “, so has stressed that this issue” falls within the welfare policies that must implement the administration “.