2024-03-29T15:45:23Zhttps://repositorio.bde.es/oai/requestoai:repositorio.bde.es:123456789/90422023-12-28T11:39:39Zcom_123456789_21com_123456789_5862com_123456789_5861col_123456789_5901col_123456789_5884
Repositorio Institucional
author
Bover, Olympia
author
Torrado, María
author
Villanueva, Ernesto
2019-08-14T07:51:08Z
2019-08-14T07:51:08Z
2019-02-12
https://repositorio.bde.es/handle/123456789/9042
000465088
ECBU-2019-1B-art03
The ratio between the amount of mortgage loans and the value of housing (the loan to value ratio) is a useful indicator for studying the financial situation of households. Two main price indicators are used to measure loan to value ratios for housing in Spain at the time of purchase: the transaction price recorded at the Property Registry and the appraisal value. Having generated a sample in which both price indicators refer to the same set of housing, the median loan to value ratio between 2004 and 2007 is found to stand between 70%, when the appraisal value is used, and 107%, when the transaction price is used. The difference between these two ratios narrowed from 2010, with the loan to value ratio using the appraisal value remaining at around 70%, while the ratio based on the transaction value fell to 80%. The Spanish Survey of Household Finances (EFF), conducted by the Banco de España, is an alternative data source, allowing a loan to value ratio to be obtained directly from households’ responses. This ratio, based on EFF data, has evolved in a similar way to the one derived from the transaction prices recorded at the Property Registry
eng
Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
Mortgages
House prices
Loan to value ratio
The loan to value ratio for housing in Spain over the period 2004-2016
Artículo
URL
https://repositorio.bde.es/bitstream/123456789/9042/1/be1901-art3e.pdf
File
MD5
2d15de591fd1a82ffbf9ec1198149666
615806
application/pdf
be1901-art3e.pdf
URL
https://repositorio.bde.es/bitstream/123456789/9042/2/be1901-art3e.pdf.txt
File
MD5
50f25b0b8b49c448a9fad21fa138e8c5
34689
text/plain
be1901-art3e.pdf.txt