Can I Work Out With Herpes Zoster?

The G-7 real estate rises from the ruins

Large development companies begin 2011 with new targets after the last few years focus on solving their financial problems. The uncertainty hanging over the economy and the 'stock' that is left are the remaining challenges.

The real estate sector begins to see the tunnel exit. Metrovacesa well defined status after announcing the agreement with 90% of its creditors to refinance debt. After years of negotiation with financial institutions, real estate firms are facing a new stage.

After companies focus on solving the financial problems, now it's the turn of the operations. The new term has nothing to do with the expected recovery of the sector. The signals are still weak and timid spring, as the rise in new home sales up 1.8% in 2010 ending a long period of declining sales and purchases.

The situation is not the same for all. Those who accumulate a large inventory in your residential area and, above all, soil, should undertake greater efforts. More than 700,000 apartments still unsold and one million square feet of office yet available, makes the market recovery.

Among the business opportunities arise bank-developer partnership. After starring in fighting unfair competition and cross home sales by financial institutions are now starting to close deals. The formula allows banks and soil out of balance and promoters awarded, financially viable to continue working.

Martinsa Fadesa

The company, chaired by Fernando Martin has managed to overcome the bankruptcy proceedings, voluntarily requested in July 2008. After three years of tough negotiations with creditor banks, the developer has reached an agreement that allows out of court intervention.

The proposal, presented by four of the major creditors of the group

(Caja Madrid, Caixa Galicia, La Caixa and Banco Popular) poses a substantial removed and a lack of eight years (extendable two more). Of failing to comply with the schedule of payments, banks can exchange debt for equity in the company. In 2010, Martinsa lost 827.18 million euros.

Metrovacesa

The company, controlled by eight financial institutions, last week achieved the support of 90% of its creditor banks, such as advanced EXPANSION Thursday. The property, for which negotiations have lasted more than two years, refinancing has been 5.725 million euros.

The agreement provides for a deferral of five years of primary credit of 3,210 million euros, without removing the debt to creditors. Among those responsible for the liabilities are more than 40 financial institutions, including several shareholders company. In these two years, Metrovacesa has reduced its corporate structure and sold most of its asset portfolio and its car division.

Colonial

With a debt of more than 7,000 million euros and a new management team, the Catalan property claims to have passed the stage of financial restructuring to focus on the patrimonial own business activity. Colonial last year agreed with its creditor banks to swap debt for equity, a process that was conducted through a capital increase.

Closed financial restructuring, Colonial Realia carried out with an exchange between its French divisions. So, SFL, Colonial, won 30% of Sicc, Paris, owned by Realia. It is precisely the strength of market equity (office) in, especially Paris, the best support for Colonial, which expects that these recurring revenues allowed to return to profit in the coming quarters. In 2010, it lost 739 million.

Reyal Urbis

The properties for Sale Rafael Santamaría has starred in a complex negotiation with its creditor banks. Recognizing, in May 2009, which could not meet the agreed business plan in late 2008 as part of a refinancing agreement. launched a new real estate deal.

In this process, the company faced the bench when he refused to sell assets such as ABC Serrano shopping center in Madrid, or chain Rafael Hoteles. He finally managed to keep the agreement and, in exchange for the business park projects like the 115 American Avenue, and part of the management of complex Castellana 200, both in Madrid.

Realia

The estate, owned by the builder FCC and Caja Madrid (now Bankia) is the only major publicly traded real estate that has managed to close the year 2010 in positive figures and earned a net profit 1.11 million euros.

The company, which maintains a similar sales figures: 258.27 million euros this year compared with 298.54 million last year. The company led by Ignacio Bayon was among the first developers who decided to restart new building. In particular, Realia has initiated projects in Valencia Fuenlabrada, Sevilla, Valladolid, with 400 units.

Quabit and its parent Rayet

arises from the integration of real estate Rayet, Landscape and Astroc, Quabit (formerly known as claims) has undertaken two processes refinance in just a year and a half. The real estate in 2009 struck a deal to refinance a debt of 1,481 million euros, which allows you to pay no principal or interest on its debt until 2012, when beginning to write off 10% of capital and interest.

The agreements with creditor banks have not done here and the matrix, Rayet, also accumulated two refinancings. The latter has enabled the company to reduce its debt by 200 million euros 436 million of liabilities that accumulate. To do this, Rayet undertook to divest a number of real estate assets, such com EXPANSION ahead on 29 January.

addition, banks would be allocated 200 million euros in buildings and grounds. Among the assets sold, highlights Selenza hotel chain in Madrid, the Catalan businessman acquired Pau Guardans. For its part, Quabit focuses on the implementation of initiatives original enabling them to reduce their 'stock' residential through discounts and credit facilities to customers.

Nozar

Nozar, real estate Nozaleda family, could be the next Martinsa Fadesa. If your competitor managed to overcome the biggest bankruptcy in Spain, Nozar fight for viability. They showed the receivers in its report last December, which put the liability on 1.563 million (up from 700 million claimed Nozar to apply on a voluntary basis), with assets 943 million.

are two requirements to accelerate the exit of the tunnel Nozar: the minimization of the duration of the common phase (which ends after the submission of claims to the report) and the interest of creditors to reach agreement as soon as possible.

This possibility is linked to a major sacrifice: one removes very significant (about 50% maximum permitted by law) and, taking into account the situation of the sector, with a term exceeding five years . A scenario that raised the insolvency administrators in his report. In November 2008, the supplier Avalatransa urged creditors necessary for competition and its subsidiary Lena Nozar Building for a debt of 312,622 euros, which was first denied. Subsequently, Nozar requested on a voluntary basis, but the request Avalatransa prevailed.

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Cute Sayings On T Shirts List Of

MALL HALL BLOG

Do you like Pasapalabra? To me yes, but I am unable to complete the "donut."
Today I present an action PIKIPALABRA , based on this famous competition. It is aimed at children who have acquired the necessary reading. It also offers three levels of difficulty, and the ability to play alone or compete with a partner.
sure most kids in the house have fun and learn through play.
A resource well suited to work semantic skills in the classroom.

Odyssey Frame Blueprints

The SPA study of new housing developments take rent off the bench to university level

The Public Rental Company (SPA) is seeking a formula for financial institutions to ensure the provision of new flooring sales near college campuses to rent to students, has advanced the Secretary of State for Housing and Urban Projects, Beatriz Corredor, for his appearance at the Senate Committee on Housing.

Corridor, which has refused to give a figure on how many homes could be subject to evaluation by the SPA for subsequent allocation to each university, said that the body is chaired by Nieves Huertas is, at present, working with the Ministry of Education to implement this initiative.

This new approach to facilitate access to housing for young people is part of the Campus program for academic excellence, which encourage the promotion of housing for the university community. Within this program, the SPA has signed agreements with eight universities: Granada, Alcalá de Henares, Carlos III of Madrid, Oviedo, Burgos, Valencia and Castilla-La Mancha. The idea is now also adding to financial institutions.

Thanks to these agreements, students have a service staff through the SPA that accompanies them to visit homes, carried with them all the paperwork to sign the lease, take their claims during the life of the lease and, eventually, helps in the efforts to solve the contract.

Secretary of State for Housing and Urban Projects has highlighted that college students are "a collective choice" in the Government's housing policy and have come to be from the first steps of the Ministry of Housing.

the "modest" TRUJIILLO RESULT.

thus referred to the University Housing Program introduced in February 2007, with then Minister of Housing, María Antonia Trujillo. According Corridor, this initiative was "modest results, since even resulted in 27 agreements, for a total of 6,123 homes, some targets were brought to the State Housing Plan 2009-2012 and others did not develop for lack of soil , lack of funding from the authorities concerned or inconsistency in the urban classification of the soil.

Following this assessment, the Government addressed the problems identified and facing the current Plan sought to address them. Thus, besides implementing the Basic Income Emancipation in 2008, which will benefit many university students have been improvements, such as the requirement that the interested universities justify their availability of land suitable for construction of houses.

"In light of the new approach, we are beginning to see results," stated Corridor, to clarify in the next line in 2009 were signed five agreements with universities under the new Plan, provide accommodation for 487, with an estimated investment of 8 million euros, to which agreements have added another five more in 2010, involving up to 958 quarters, nearly double, with a similar investment of 8.9 billion euros.

addition, Corridor reported that Public Works is currently reviewing proposals submitted by the Gijón, Burgos, Campus Corunna in Galicia, Vigo, Logroño and Morella in Valencia.

"We have met."

In terms of rehabilitation, Corridor was satisfied with the work from the government in recent years and investment efforts for, despite the fiscal adjustment. "We've met," he said.

It recalled that under the Housing and Rehabilitation Plan was agreed an investment in these tasks by more than 231 million euros, which is attached the provision of 110 million euros from 'Plan E'. He added that the estimated investment in 2011 and 2012 is 119 euros and 165 million respectively. In total, during the four years of the Plan is intended to rehabilitate nearly 470,000 homes.

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Via Europapress


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Multiple Sclerosiscataracts

On changes in the blog

Good mornings morning. Speech, Josu, of books to read xD This post I want it to speak about changes in the blog. I do not know if you have noticed, but I want them to explain.

• Font (full) title has been changed entries. Now they are more rounded and shaded.
• things I've deleted the sidebars, you can take a look to see what's missing and what not.
• buttons "like" from the pages of my novel's me and the blog is now under Cotillia, much simpler and faster.
• Also, the head has undergone slight changes. I do not know if you notice now the area of \u200b\u200bdifferent pages ...
• I deleted the top bar of Blogger.
• From now on, if you want to refer to an existing comment in the entry, you must click on [Reply] is easier and faster. I use this tool to answer your comments, as I said, it is much easier.
• From now on, and at the entrance of Waiting on Wednesday of this week blog design will be yes. With many shades, paintings ... I want to enter the view, because after all, the entries are better with half an hour more. See if you like the changes in this regard.
• I'll be more on Twitter and be much firmer with the times.
• Comments that are offensive or discriminating, will be directly deleted. Even published and discussed. To make the jerk at home.

I want to know your opinion about the changes: D Quitaríais "something? What do you think?

Rebuilt Title, Scion Tc, Ct

Euribor five thousandths and is trading at its highest level in two years

The climbing in March Euribor increased its daily trading five thousandths, standing in 1.949%, the highest rate in two years, the March 6, 2009, when he settled in the 1.957%.

With 17 daily values \u200b\u200bfor the days in which banking has been the March Euribor is at 1.906%, and costly mortgages from users that will touch annual review.

For a mortgage of 150,000 euros to 25 years and a spread of Euribor plus 0.5%, the letter would experience an increase of 51 euros per month, so that the annual price increases would be set at 610 euros.

The Euribor maintains its upward climb after the president of the European Central Bank (ECB) ratify the agency's intention to raise interest rates at its next meeting on 7 April. The display debuted in 1,550% in January and February closed at 1.714%.

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Via World

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Wich One Is Better Ultrahd Or Minohd

I like reading calm ... So participate! And if I win, the prize for you by the face

Today I want to ask a favor ... 'm not doing this, but I would appreciate it very much and would love you even more if ye lay me a hand with this.

participate in the Challenge Second Anniversary of the Editorial Versatile . It is a photography contest creative, so to speak, on the way you like to read a book. Well, my picture is much more symbolic than it looks ...

Mechanical Heart Copy appears on a keyboard, a direct relationship with the music and automaton that has the mechanical heart. In addition, there is a pillow, not only to support the head, but it seems to saddle pianist. In addition to that I read to the heart stopping, is a clear reference to the novel ... xD

With that I leave the link to the bear "like" the Faccebook . Both here as There.

This will not go well ... If you win you'll take home by drawing a copy of a novel Versatile! That So You voted, and while reading easy on the heart stopping.

Charlie Horse In The Throat

PIKIPALABRA

I

Congratulations Babymessages

Caja Madrid, from fair to fair for get rid of his 'stock' floor

Caja Madrid is now part of Bankia, and to start your new career in banking, and before you go public, wants to shed weight. To this end trying to get rid of its surplus of houses, fruit-like banks-many years of the housing bubble. And it does so by going to fairs and forums throughout much of the English geography.

in Alicante, from Wednesday until Friday, Consultants Forum held the Second Conference on Open Homes Homes with property owned by Caja Madrid. The event takes place in two branches of Caja Madrid in the city of Alicante.

be available 75 properties owned by Caja Madrid Homes, located in different districts of Alicante capital as Carolinas, Pla, Florida, Los Angeles, or San Blas Altozano. Discounts as high as 40% and with prices from 38,000 euros and mortgage payments from 130 euros month.

The houses can be booked during these days, with a pre-reservation of 500 euros. Subsequently, within 10 days, the amount should be extended.

In Madrid, from 50,000 euros

In Madrid, the box is already Bankia and in 2010 sold 3,000 apartments, has three appointments to thin stock. This weekend at the Estadio Vicente Calderón, offers more than 140 properties located in Carabanchel, Usera, America and Aluche. The price, from 77,000 euros.

In Vallecas, in the old cinema Paris, Caja Madrid offers 2 and 3 April, 1969 dwellings, located in Puente de Vallecas and Villa de Vallecas from 50,000 euros.

The third meeting will be on 9 and 10 April at the Hotel La Princesa in Madrid. They can be purchased floors distributed by the municipalities of Southern Region: Móstoles, Alcorcón, Getafe, Fuenlabrada and Leganés.

Houses Flats and Apartments

Via 20 Minutes

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Purgatory Watch For Free

Villar Mir: "The crisis will leave the building in two or three years"

The residential building will return with half the volume it reached during the bubble, as the president of OHL.

In an interview with EFE, Villar Mir said the construction sector has twice the size that corresponded to 2007 by the combination of the housing boom and the need for Spain to recover its deficit infrastructure.

OHL President recalled that the housing sector was found with "infinite liquidity" since Spain joined the euro zone in 1999, which pushed many developers to build homes twice demanded by the society.

This has given rise to a surplus of homes built and unsold of 700,000 to one million, a number that represents the total demand for the next two or three years.

According Villar Mir, the housing glut and the resulting paralysis of residential construction course loss of 1.2 million jobs since 2008 until now, jobs that, in his view, in many cases "have been lost forever."

the behavior of real estate were joined by building infrastructure because "Spain was delayed" with respect to neighboring countries and had the funds from the European Union (EU).

To Villar Mir, the infrastructure deficit "has been recovered, so the sector" will continue to build in proportion to the growth of the economy, ie, half that before. "

Against this background and cuts in public investment in infrastructure, construction companies have chosen to internationalization as "a way of life required, a strategy that OHL, according to its president, began in 2002, several years before the crisis.

Villar Mir said it would have been better to reduce current spending rather than investment in infrastructure. "Reducing government spending by curbing investment in times of crisis inevitably increases the crisis because the economy slows," he said.

Alternatively, OHL president proposed a reform of government to avoid "duplication and overlap."

Villar Mir estimates that Spain will take another three years to escape the crisis, the economy will not grow enough to create jobs through 2013.

In his view, the English economy needs reform "very deep", including through systems of education "effort and cultivate the spirit of transcendence."

also he added, is "important labor reform" more flexibility in terms of collective bargaining and an update on labor laws, "which have decades." Also needed, he said, an energy reform to reduce costs and drive a recovery in market.

"I think the government is willing to make reforms," \u200b\u200bsaid Villar Mir, although urged to carry out promptly and in depth for the English economy more competitive.

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More Dominant Ektelon

Waiting on Wednesday (3)

The third and (and it looks like I started yesterday) delivery of this Waiting for Wednesday.

Waiting on Wednesday is a weekly event created by Jill, highlighting the upcoming releases that we waiting to buy the next novel with anticipation. Has been adapted to English for me and Beleth .

Everlost

A place full of mysteries ...


After a car accident, Allie and Nick wake in a lush forest. Need time to understand that they are in a place known as Everlost. A disturbing world, where the names fade like any other memory, where if one forgets that his eyes blue, you may be red or return where every day can be a repetition of the previous. But what has happened to their lives? What have they become? What are you doing there?


currencies may be like falling edge.

A novel to say that looks great is an understatement. wore almost a year behind this novel, seems to be that publishers now buy what interests me xD, and I am happy to post Anaya in Spain. I hope you have a great reception : D Source

Oversized Plastic Cup

housing 33 families receive an average rent of 156 euros per month

A total of 33 families with limited economic resources of 16 municipalities have Valencia received the keys of a separate housing in which pay an average rent of 156 euros after the Generalitat Valenciana has restored buildings with a total cost 393,000 euros.

Consell The Third Vice President and Minister for the Environment, Water, Urban and Housing, Juan Cotino, has handed the keys to these families in the company of the regional secretary of conselleria, María Ureña Angeles and the Director General of Housing, María Jesús Rodríguez.

The ceremony was also attended by the Chief of the Valencian Institute of Housing (IVVSA), Javier Sogorb, the mayor of Paterson, Lorenzo Agustí, Heritage and the municipal council, Housing and Transportation of the City Council Alfafar, Juani Blasco.

Specifically, the IVVSA has delivered six homes in Sagunto, Paterna five, three in Canals and Valencia, two in the towns of Alfafar, Picassent, Quart de Poblet and Requena, and housing in the municipalities of Albaida, Albalat de la Ribera, Alginet, Benimuslem, Bétera, El Puig, Massalavés and Utiel.

As for the distribution of housing, they have won four houses with four rooms, 22 floors with three bedrooms, four buildings with two rooms and three apartments with one bedroom.

An average of 55 families a month are helped

Among families who received the keys are five and three immigrant families who have a family member with disabilities, according Cotino, at the price paid will be deducted from rental "potential bonuses of up to 90%, which can be perceived."

The minister has been estimated at an average of 55 families that "monthly access to social housing that the Consell makes available to citizens with lower incomes through extra effort Government by the economic crisis and the lack of a coherent economic and social policy by the government. "

"Therefore, since IVVSA is constantly working on the management and conservation of social housing and the ongoing recovery and rehabilitation of these stories that resolve access to a decent home to families who need it most, with a very affordable rent, "he added .

The Minister of Housing has also indicated that the IVVSA has spent the past year more than four million euros in the rehabilitation of buildings and public housing. "

Houses Flats and Apartments

Via World

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Virus Caused Geographic Tongue

The Spanish house prices could fall another 23.3% until 2012

the horizon of real estate, and more specifically the house prices, seems to be still far from stabilizing, according to reports published by the Banking Authority (EBA for its acronym in English). The new stress tests to be carried to European banks in spring provide an adverse scenario for Spain including new and significant falls in the value of homes.

Thus, the EBA anticipates that the English economy would contract by 1% in 2011 and 1.1% in 2012, which would lead to more unemployment. The unemployment rate reached 21.3% and 22.4%, respectively, estimated in the baseline scenario, where the rate is expected to be 20.2% and 19.2%. Regarding inflation, the agency estimated that prices would rise over the next two years by 1.5% and 1.4%, while in an adverse situation nine tenths increase in fall 2011 and two tenths in 2012.

The report also provides attention to housing prices, which in the worst fall 12.3% in 2011 (5.3% in the baseline scenario) and 11% in 2012 (3% in the baseline scenario). Adding the two percentages, the depreciation of housing could accumulate in the worst case scenario, a fall of 23.3%, which would add to the already accumulated in recent years, which experts say would be around 20%.

Given these grim forecasts and expect only the evidence, to be held between March and June 2011 by the Authority, together with the European Council of systemic risk. Results of these were published in the June bank by bank.

Houses Flats and Apartments

Via World

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Heart Bamboo Earrings

More than 40,000 people have ever rented a storage

Every day there are more English to rent a storage room to dispose of many of these appliances that no longer fit at home. There are over 40,000 people that have ever rented a storage room. Are some the conclusions of the report on the "self storage" made in Spain by the company Bluespace.

The insurance sector was not affected by the crisis, despite being linked to the sector inmobiliarioEl floors set size and high population density in some cities explain the strong growth in Spain sector rents private storage rooms, to the point of becoming the fourth country in Europe in this field behind Britain, France and Holland.

For example, Bluespace has grown from the initial 400 clients who had in 2003 have been fixed to 12,600 in 2011. The "self-storage" or Self Storage is the rental of storage rooms or minialmacenes to save all kinds of goods or equipment.

Individuals and companies

The company says that this is a "service need" is not affected by the crisis, despite being connected to real estate, as it offers space solutions, temporary (for removal or amendment) or permanent (for storing goods that are often used daily.)

addition to individuals, Many companies also come to this service to convert fixed costs into variable storage of files or stock. Most of the demand for storage rooms for rent are concentrated in large cities and metropolitan areas where population density is higher.

Bluespace The company, which is present in Spain Barcelona, \u200b\u200bMadrid and Valencia, billed more than 13 million euros in 2010 and expects to exceed 17 million euros this year.

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20 Minutes

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Sulfamethoxazole-tmp Ds Tabitp And Under Arm Rash

Chronicles (2): Together

already come, and come with chronic long-awaited presentation Together, in Madrid, Fnac Callao ... It was unforgettable and meeting a bunch of bloggers to whom I wanted to know. By the way, you "copy" the way to the Chronicles of Bella , which again took me ¬ ¬ I

merits

16:30 h: ; That horilla lay one to Madrid with his father, who apparently loved more than one xD I think it was for the money they gave me to buy books ... I went ahead, that comes later! Anyway, we took a look round and entered the Fnac Callao. Discussing with him a little since I took my copy of Together that I had ordered from the publisher. "Just saying that you bring, they will think you've stolen," he said. "That is not necessary! If it goes on sale today and I know he has a fault ..." In the end, ended in his backpack.

16:45 h: We talked a bit different and I see that there are some bloggers cuaaaaantos. And for doing nothing wrong or screw up, I do not no nicks or small things such links, because I knew half and I feel like, hey =) Anyway, the first thing I did was to recognize some bloggers and talk approach . We were like two groups (we have already whipped therefore need not follow in TT). We talked a long time and we met. We were impatient.

17:05 pm: More or less, we decided to enter. It is when the top of the Fnac Forum, greeted me with more bloggers who wanted to know, give us a few purses (in IMM) with a letter from the banquet with the first course, main course and dessert and a numbers for a drawing that would later become. Take note of people coming from every blog for another contest. We can only hope as we know it and took some pictures.

17:20 h: We already We have taken many photos with many people, and people keep talking late. (Oh, Veronica!). Nothing else gets it, starts with a beautiful Book Trailer the novel. And start the presentation ... Later, as tissues collected the spittle, some crazy old saying nonsense, one woman said that Arabs were good and almost gets to mourn, one who had made a diagonal reading together in an hour of reading and the other dystopias were told that subliminal messages against governments. All this must not be forgotten, were epic tears of laughter we cried ... But they got two normal people who asked both normal and gave it a realistic touch to the final presentation. I still can not believe what had happened to those interventions ... Led the presentation, the young actor in the series Physics and Chemistry, Alex Martinez, who plays his part of Salva, the editor of the collection Ellas, Gemma Xiol, and finally, the English writer Javier Ruescas and recognized. I spoke with him recently, but there was no talk of xD

18:10 h: Somewhere, out there, finish the presentation. Suddenly, as we speak so much at home, someone called my father recorded a video doing a bit of an idiot ... But hey, these things are beside the point: D We met Esther Burgess, which sends us book publisher, and was a great time chatting with her about the process of publishing and promoting them. It was a very curios to me aroused much more interest in your work ^ ^.

You can see the separation in a group ...

18:25 h: We can see cameras as the flashes hit our retinas. Photo after photo, behind a veil held high Bloggosferas screams of dozens of voices ... Smiles and laughter that made this unforgettable picture: D

18:30 h: Truth, this does not belong to the chronicle itself ... But it gets everything, everything, everything! We went in droves to buy booklets. It was the only boy of about ten girls xD We talked and laughed a lot. We had a blast, we must repeat! We ended up with copies of Incarceron, sapphic, Delirium, Together ... Come on, typical. In the photos you can see the crazy things that are done in the Fnac's xD

Mini - Gallery  

I-N-O-L-V-I-D-A-B-L-E

Fun Save The Date Wording For A Country Wedding

down mortgages in January to 1.071 billion, 2.2% less

The total balance of mortgage loans from financial institutions reached in January of 1.071 billion euros, representing a decrease of 2.2% compared to 1.095 billion the same month in 2010, when it grew at a rate of 1%, according to the English Mortgage Association (AHE), confirming the contraction suffered by this business in Spain after three years of slowdown.

The figures show the changing trend of the mortgage industry following the subprime mortgage crisis in the United States in August 2007 and contrasts with growth exceeding 20% \u200b\u200bcame to experience the mortgage loan balance in the phase acute housing boom in Spain.

Also, data on the contraction of the mortgage balance match the rising cost of mortgages granted by financial institutions because of their intention to restore margins, as well as the gradual rise in the Euribor , referenced indicator that most mortgages in Spain.

However, the AHE behavior expected for 2011 of mortgage activity slightly more positive than that observed during 2010, especially supported by the improvement of financing to households for house purchase, as not expected to recover in the short term real estate financing activities.

monthly mortgage balance falls

The financial sector closed in January to 5.388 million euros less than the mortgage balance from December, resulting in a decrease of 0.50 % while it reduced its balance 24.144 million annual rate, bringing the total balance in 1.071 billion figure includes EUR 197.424 million securitized mortgage assets into balance.

Of the total, 566.029 million euros corresponded to the savings, resulting in a reduction of 6.58% over twelve months ago, banks 418 657 000 (+4,10% ), 70.911 million credit cooperatives (-0.39%) and 15.856 million credit to financial institutions (-2.77%).

Savings banks bring together most of the mortgage balance and recorded a significant decline both year on year (EUR 39.888 million) and monthly rate, with a loss of 11,550 million (2%).

For its part, the total outstanding balance of securitized mortgage assets - the conversion of loans into bonds for resale - was established in January at 214.508 million euros, 0.94 % less than the same month last year.

Of the total, banks accounted for 99.936 million (-0.09%) to 90.315 million boxes (+1,15%), 15.897 million credit cooperatives (-8.85%) and 8,360 million to entities Credit Financial (-14.56%).

Houses Flats and Apartments

Via The Economist

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