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The agency Standard and Poor’s (S & P) estimates that 8% of Spanish homes mortgaged is in a situation of losses, implying that the amount of your mortgage is higher than the current value of the mortgaged property. This percentage will increase if, as expected number of international agencies, market
Real estate continues to correct their prices. According to S & P report on the Spanish mortgage market, if prices should fall by 30% since its peak in 2007, 19.6% of the mortgages would be higher than the value of the home they finance. In the event that prices should fall by 35%, this proportion reached 28.2%. The reason for this lies partly patrimonial loss in the type of mortgages signed during the credit boom. The study, conducted over 800,000 mortgage loans, reflecting that 20% of mortgages were made up over 90% of appraisal of the house when he was at the top of the speculative bubble.

The report highlights regional differences, indicating that Castilla-La Mancha, Valencia and Murcia are the communities where its citizens have suffered a greater loss assets in relation to housing. In these cases, more than 10% of the mortgage owe more to the bank that your home is worth. The study points to other factors such as economic hardships that have affected the mortgaged families, especially the loss of employment, as well as the strong culture of ownership compared to other countries, in Spain, 80% of households are occupied by their owners and only 12% of houses are for rent.