Thursday, March 24, 2016

Banking funded only a third of the money invested in housing – Official Business – Portugal

The bank granted four billion in home loans in 2015, which represented about one-third of the 12,400 million euros invested last year in the purchase of houses, advances the public based on the National Institute data Statistics (INE), further highlighting the growth of 30% of the market last year.

Between 2014 and 2015 the bank housing loans rose 73.4%, about 2.3 billion to four billion euros. The value is far from the record of EUR 10 billion recorded in 2010, when 65% of the money invested in homes was funded by financial institutions. The minimum credit purchase coverage was registered in 2012:. Two billion euros financed about 25% of the trading value

The paper also said that last year the number of transactions in the residential real estate market increased 27.4% to 84,215 businesses in 2014 to 107,300 in 2015, and recalls the average increase of 3.1% in prices in the housing market, down from 4.3% in 2014, but a recovery face the falls recorded in 2011, 2012 and 2013.

LikeTweet

No comments:

Post a Comment