Mortgage arrears decreased to 4.8% of the total in 2015 and stands at 2013 levels – Yahoo Finance Spain

MADRID, 18 (EUROPA PRESS)

The balance of doubtful mortgages for the purchase of housing stood at 25,557 million euros at the end 2015, equivalent to 4.8% of the 531,256 million total, according to data released Friday by the Bank of Spain.

the mortgage arrears is thus reduced continuing the downward trend begun in 2014, when it fell 6.2% in the first quarter to 5.85% at the end of that year. With this new decline, the debt balance is reduced to levels of March 2013.

This reduction in mortgage delinquencies is because the balance of these non-performing loans decreased by 21.7% yoy in the last quarter of 2015 compared to 32,648 million which closed the previous year, while total mortgage balance decreased by 4.7%.

on the other hand, late payment of loans to finance real estate activities 2015 decreased by 30.6% in the previous quarter to 27.5%.

in absolute terms, the outstanding balance in this business segment decreased by 31.6% year on year, while credit total outstanding to fund this activity fell by 10%.

If these magnitudes credit the defaulter builders, which stood at 13,196 million euros, with a fall of 18.7% is added, the results yield an amount of 50,426 million euros, 8.2% less than in the previous quarter

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