Madrid

The duty of the Spanish households decreased to level of 2006

The duty of the Spanish households decreased to level of 2006The duty of the Spanish households to financial institutions of the country in March of this year decreased for 4 % in comparison with last year’s data. The general duty of households of Spain made 740 billion euro which in annual expression decreased, also for 4 % and is the smallest since August, 2006.

According to the updated data of Bank of Spain, decrease in debts was connected substantially because of decrease in the credits for real estate purchase. A year ago they reached 602 billion euro, and in March of this year this sum made 579 billion euro.
In comparison with February data, the debt of households of Spain decreased by 0,26 %, and the credits for purchase of real estate decreased for 0,33 %.