IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/51613.html
   My bibliography  Save this paper

Una nota sobre la relevancia del sistema de amortización en el mercado hipotecario español entre 1998 y 2008
[A note of the importance of depreciation systems in the Spanish mortgage market between 1998 and 2008]

Author

Listed:
  • Fuentes Castro, Daniel

Abstract

No one can ignore the importance of financial innovation in mortgage markets. A relevant issue is the choice of the amortization system. This article shows how the French amortization system has reduced the price of loans in the short term whereas price of loans has become more expensive in the long run (more profitable for banks). With a system of constant amortization, home buyers for residential purposes would have stood for a significantly lower financial cost. In addition, the fee structure for the constant depreciation system would have had the effect to contain to some extent the entry into the mortgage market, helping to curb speculation and preventing the grant of a portion of subprime mortgages.

Suggested Citation

  • Fuentes Castro, Daniel, 2010. "Una nota sobre la relevancia del sistema de amortización en el mercado hipotecario español entre 1998 y 2008 [A note of the importance of depreciation systems in the Spanish mortgage market between," MPRA Paper 51613, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:51613
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/51613/1/MPRA_paper_51613.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fuentes Castro, Daniel, 2009. "Una nota sobre el exceso de oferta de viviendas y la duración del ajuste del sector [A note on housing supply excess and the duration of the sector adjustment]," MPRA Paper 51609, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fuentes Castro, Daniel, 2010. "Exceso de oferta de viviendas entre 1998 y 2008: una estimación provincial a partir de variables demográficas [Oversupply of housing between 1998 and 2008: a regional estimate from demographic vari," MPRA Paper 51826, University Library of Munich, Germany.
    2. Fuentes Castro, Daniel, 2009. "Rentabilidad de la inversión en vivienda, apalancamiento y especulación (1996-2008) [Returns on housing investment,leverage and speculation (1996-2008)]," MPRA Paper 51607, University Library of Munich, Germany.

    More about this item

    Keywords

    Amortización francesa; Amortización lineal; Vivienda; Crisis subprime;
    All these keywords.

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:51613. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.