We live in a period of constant change, where the term stability in the economic sense is interpreted as growth being greater than it was in the preceding period.

Changes are apparent in both the economic and the sociodemographic arena. Repeated increases in interest rates, sustained growth in the European market, mass immigration, increased life expectancy and changes in family structure are some of the factors that define the current environment.

Credit institutions, far from being removed from these changes, are adapting to the new situation at different paces, creating new products and services as well as modifying their business and risk processes.

This document, published in 2007, describes demographic and macroeconomic changes and outlines their impact on the mortgage and consumer credit markets of Spanish credit institutions.

For more information, click here to access the full document in pdf (only avalaible in Spanish).