They are one actor more real estate market, that is undeniable. Banks have always housed in their estate balance sheets, but since the crisis started, This stock has been growing due to the increase of the seized properties, becoming the most active real estate have. In fact, According to the Bank of Spain, in 2014 the volume of active properties possessing entities on their balance sheets was to 83.409 million euros.
Not to sell to losses
Although one might think that the banks are always interested in getting rid of real estate "at all costs" is not so. The real estate market It is starting to recover, data thus indicate that increased the number of new mortgages, according to the latest data published by the INE July concerning a 21,8% respect to 2014, increase the operations of buying and selling a 13,9% on July of 2014 and housing prices grow a 4,2% in the second quarter in relation to the previous quarter according to the INE.
The data begin to accompany but banks are waiting for the consolidation of the growth. In fact right now the banks are trying to avoid selling their properties if this going to assume a loss. That is the watchword, hold the housing stock and flee the sales losses. Is then expected to occur a greater revaluation of assets to be medium-term since it will continue having contracts that increase the housing stock.
Look at the price, Sometimes they are not cheaper
Thus the Organization of consumers and users warned him (OCU) Having analyzed real estate deals from banks, agencies and individuals in Madrid, Barcelona and Benicasim. Analyzed 54 offers, OCU warns that while there are flats belonging to banks that have a lower average price they are not always a good opportunity Since its lowest price tends to be accompanied by the need for a major reform because of the State of the property, so it is not always good price guarantee that the Bank is the owner. Are running in addition to funding obtained is not advantageous in the majority of cases since they offer differentials between the 1,6% and the 3% Depending on the relationship with the entity.
They give homes for social rent
In 2013 the agreement was signed to create the Social Housing Fund (FSV), whereby the 33 financial institutions that signed it contributed initially 5.891 homes - may be this expanded issue- to make them available to those families who are in a situation of special vulnerability, that he had suffered an eviction for non-payment of a mortgage loan. But today, social housing in Spain is a pending account, since according to the report by Amnesty International "evicted rights: The right to housing and mortgage evictions in Spain", This type of housing only represents the 1-2% of the housing stock, a percentage far below the rest of Europe as well as in the Netherlands, representing the 32%, in Austria in which are the 23%, the United Kingdom, where are the 18% or France in which the 17% they are social housing.
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