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 [...]
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 [...]
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 [...]