Like Dinosaurs, 100% mortgages in Spain are endangered of extinction… Scientist and teachers said that dinosaurs were awesome creatures, running wild and in control of the entire world, until a meteor hit the earth and change the course of history and produced their extinction. That was, according to mythology, the cause of its extinction. As with… Read more »
Posts Categorized: Spanish Banks
British property investors set for a refund from Spanish banks.
The process of normalization of the real estate market will begin to be felt more intensely than in 2016, therefore Marbella property investment will double its growth. This is the message BBVA Research and BBVA Real Estate wants to launch and the last report have been published on the residential sector, which summarizes what the prospects handling… Read more »
The surplus of unsold new homes in Spain reaches 389,000 units, according to a report by Tinsa, a figure in two and a half years the time needed to absorb the stock. This means that the reference date is the first half of 2008 and that demand will be about 150,000 new homes a year…
The SAREB (also known as the bad bank) has launched a new campaign to sell 3,400 Spanish Bank Repossessions including houses, storage rooms and parking spaces, with discounts up to 60%. Half of the offer is located in Valencia, Andalusia and Catalonia and will be marketed through different online sites.
The current legislation on the floor clauses in Spain seems to have the hours counted. Especially after the recent report of the lawyers of the European Commission urges the Court of Justice of the European Union (ECJ) to apply retroactivity on the entire amount paid by the affected before the Supreme Court ruling of May… Read more »