Households increase their investment in shares
At the end of the second quarter of 2013, households
owned financial assets worth €1.8 trillion, a huge
increase over year-end figures for the previous five years,
with the portfolio of listed shares representing 7.3% of
the total, worth €131.5 billion, according to Banco de
España figures.
Over the first two quarters of the year, net purchases of
listed shares by households amounted to almost €17.00
billion, demonstrating the renewed interest of house-
holds in these assets.
At the same time, households have made significant
efforts to reduce their indebtedness, which now stands
at almost €50.00 billion, accelerating the pace of adjust-
ment by increasing their assets and decreasing their
liabilities. The result is an increase in net financial wealth
of almost €150.00 billion between June 2012 and June
2013.
As can be seen from the chart, this reduction has inten-
sified over the last three years, as shown by the negative
value for net liabilities contracted by households in 2011,
2012 and 2013. The rupture in 2008 and 2009 compared
to the previous situation indicates the intensity of the
change in the financial situation and wealth of Spanish
families resulting from the financial crisis.
Net acquisitions of listed shares by Spanish families.
Millions euros.
1ºT 2010
2ºT 2010
3ºT 2010
4ºT 2010
1ºT 2011
2ºT 2011
3ºT 2011
4ºT 2011
1ºT 2012
2ºT 2012
3ºT 2012
4ºT 2012
1ºT 2013
2ºT 2013
4,781
2,932
-3,969
-2,250
-4,681
1,522
5,926
5,445
10,130
809
3,890
13,063
-348
3,543
Source: Financial Accounts. Banco de España
Business Areas
Annual
Report 2013
BME
42
1...,32,33,34,35,36,37,38,39,40,41 43,44,45,46,47,48,49,50,51,52,...236