IDEAS home Printed from
   My bibliography  Save this article

La financiación de la adquisición de viviendas: crecimiento y sus repercusiones para las cooperativas de crédito españolas


  • Francisco V. Soler Tormo

    () (Universitat de València)


Housing loans have been the most dynamic bank lending activity for the last twenty years. Significant changes have occurred in this period to make the mortgage market more flexible and highly competitive. Prior to the reforms in the 80s it was a very restricted market that was limited to the savings banks and the Spanish Mortgage Bank. Many restrictions have since been removed and new agents have been allowed to enter the market. Nevertheless, families have taken proximity and pleasant treatment into consideration along with the financial terms when choosing where to take out a mortgage. Thus, in spite of the efforts of other intermediaries such as foreign banks, most mortgage loan activity takes place in retail banking services and especially in the savings banks. Within this context, co-operative credit associations have firmly gained ground in the market in the face of strong competition. This was made possible by extending their urban branch network. Moreover, in doing so they have promoted the process of diversification in co-operative credit associations, which traditionally focused on agricultural financing.

Suggested Citation

  • Francisco V. Soler Tormo, 2001. "La financiación de la adquisición de viviendas: crecimiento y sus repercusiones para las cooperativas de crédito españolas," CIRIEC-España, revista de economía pública, social y cooperativa, CIRIEC-España, issue 38, pages 101-132, August.
  • Handle: RePEc:cic:revcir:y:2001:i:38:p:101-132

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    co-operative credit associations; housing loans; Spain.;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • P13 - Economic Systems - - Capitalist Systems - - - Cooperative Enterprises


    Access and download statistics


    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:cic:revcir:y:2001:i:38:p:101-132. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rafael Chaves). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.