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Spanish property developer debt is 324 bln euros
Source article = www.forexyard.com
Wednesday January 27, 2010 12:48:17 AM GMT
SPAIN-HOUSING/DEBT
MADRID, Jan 25 (Reuters) – Spanish property developers’ debts with banks at the end of September were worth around a third of the country’s gross domestic product, the Spanish Mortgage Association said on Monday.
A spokeswoman said data up to the end of the third quarter showed [...]
Government minister blames Spanish real estate crash on bank greed
Posted on August 26, 2009 by Spanish Property News
Celestino Corbacho, Spanish minister of employment
Bank greed is the “indisputable origin” of Spain’s property crash, according to Celestino Corbacho, Spain’s Minister of Employment.
“As the financial sector is always telling labour markets what they should be doing I am going to remind it of something; it is responsible [...]
Spanish CRB Report
I know what you are thinking. How apt that a Spanish Property Agent is writing about a CRB (Criminal Records Bureau) report. Ha ha.
But I also know that in this day and age, “one has to do what one has to do”! It might just help!
Reproduced from an article in TheInfoChief
July 11, 2009 by: admin
Are [...]
Investing in Property – Can It Still Reap High Rewards?
Investing in Property – Can It Still Reap High Rewards?
By David Clayton
If you are looking for an exciting, and hopefully lucrative way to invest, then how about investing in property?
Why choose to invest in real estate? Well a few things in life are absolutely certain, and one of these is that people will always need [...]
Costas killing the golden geese. July 13, 2009 by Michael
I watch as Guardia Civil officers enter the lively restaurant whilst ignoring the Chinese sellers of bootleg CDs standing in groups outside. Identifying the eatery’s owner they tell him in no uncertain terms that he must stop the live music or he will be closed down.
The officers’ visit leaves tourists and diners crestfallen. They came [...]
Can the Brits Shake Off Their Recessionary Blues?
Investors from the old Soviet Block countries and those from the Scandinavian and Benelux countries as well as Spanish Nationals themselves are currently snapping up some incredible bargains on the Spanish Property scene whilst the traditional UK buyers are missing out big time and we know why. The Pound versus the Euro devaluation is making [...]
Villas in Spain for Sale and New Amazing Key Ready Prices
With the recession biting hard, there are outstanding bargains to be had for those that can move quickly and for those with the cash to take advantage of hard pressed developers with stock to shift. Cash flow, liquidity and survival are the words of today. Take a look at the latest crop of country villas [...]
Property in Spain stays top?
News
Property in Spain stays top.
The latest statistics from a leading overseas property portal have shown that Spain is still the number one destination for British buyers of overseas property, despite the effects of the credit crunch on the numbers of properties purchased. Property Index.com has released statistics showing that Spain leads France, Portugal, Turkey and [...]
Spanish Bank Repo,s Not The Best Value?
With the world economy in tatters and the Spanish property market albeit destroyed, many see Spanish bank repossession property as the obvious “best value for money” choice for the “cash in pocket” investment buyer.
Lets think about that – because it is plainly not the case, a home owner defaults on a Spanish mortgage, the bank [...]
UK homeowners in Spanish victory
UK homeowners in Spanish victory
The City of Arts and Sciences, Valencia
A court decision in Spain has opened the way for thousands of UK citizens to reclaim some of the tax they paid when they sold their homes there.
The High Court in the region of Valencia has ruled in favour of a British couple, Mr and [...]
Houses for Sale in Spain – Now at Rock Bottom Prices!
Houses For Sale in Spain – Now at Rock Bottom Prices
By John N Stanley
Cash Is King.
Along with many other countries, the Spanish property market has plummeted due directly to the global credit crunch.
Those looking to sell their Spanish homes face a daunting wait if they are unwilling or unable to reduce their asking prices as [...]
Asset Rich but Cash Poor?
For many British ex pats living in Spain the current economic situation is detracting from their quality of life and spoiling the dream. However, there are many solutions.
FINANCIAL SOLUTIONS FOR BRITISH EX-PATS IN SPAIN
Over the last eight months or so retired people living in Spain have been finding it increasingly difficult to make ends [...]
AN ESTATE AGENTS WHINGE!
The media is a wonderful thing and I’m sure it is!
It has helped to create this global village and bring us all a little closer together and as we all know, it’s only the bad news that hits the headlines. So if we take Spain as an example, we have seen some fairly depressing reading [...]
SPAIN ExPat – GOOD INTENTIONS.
Over the past 10 years or so the number of UK citizens who have relocated to Spain has increased dramatically. One major contributing factor is that because of EU membership, Britons are free to go live and work anywhere they like within the membership states, immigration without need for permission no need for any work [...]
RELEASED FROM PAIN IN SPAIN
Over the last eight months or so retired (longer than that now) people living in Spain have been finding it increasingly difficult to make ends meet, caused mainly by the £ versus the € exchange rate fluctuations. The weak Pound has effectively wiped nearly 25% (and now more than that 26/01/09 ) off the value of UK [...]
Why it is important to have a mortgage in Spain.
Why it’s important to have a Mortgage in Spain?
I will give a brief overview of the importance of having a mortgage in Spain and one of the reasons is that you will pay more in taxes than is necessary and particularly if you are classed as a non resident in Spain.
The money you borrow on [...]
UNDER 65’s NEED NOT APPLY.
Every comes to those that wait.
No mortgage repayments ever again
The rules of the game are changing all the time and this very week (w/c 19 Jan 2009) the minimum age to qualify for The Lifetime Mortgage has now been increased from age 60 to 65 years for each applicant. So now if you are 65 [...]