Spain; Selected Issues

Spainâ€™s housing boom was supported by rapid economic expansion, strong employment growth, an immigration boom, and low real interest rates. With the abrupt drying up of funding since mid-2007, these factors have eroded quickly. Through 2010, employment and value added in construction are projected to halve as peak housing starts are completed. The authorities have launched efforts to help limit foreclosures and to activate the underdeveloped rental market. In the medium term, housing market cyclicality could be reduced by fading out generous home ownership incentives.

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Year of publication:	2009-04-22
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Banking sector \| Credit expansion \| Credit risk \| Fiscal reforms \| Housing \| Housing prices \| Productivity \| Selected issues \| mortgage \| household formation \| population growth \| mortgages \| census \| home ownership \| foreclosures \| housing affordability \| mortgage payments \| housing statistics \| housing needs \| baby boomers \| population projections \| mortgagees \| homeownership \| household formations \| demographics \| mortgage interest \| housing construction \| demographic developments \| young people \| household size \| mortgagee \| older workers \| home owner \| housing policy \| housing markets \| mortgage credit \| mortgage debt \| baby boom \| foreclosure \| older people \| annual population growth \| home financing \| mortgage loans \| female employment \| mortgage interest rates

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 09/129 9 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243185