Spanish mortgages now some of the most expensive in Europe
After years of being one of the cheapest countries in Europe for mortgages, Spain is now firmly in the expensive mortgage camp. According to a recent study by the European Mortgage Federation, typical mortgage interest rates in Spain are now the 10th most expensive out of a group of 15 European countries analysed.
Spanish property market still shrinking
The Spanish property market for residential homes shrank by an annualised 30% in June, the sixth consecutive month of contraction, according to the latest figures from Spain’s National Institute of Statistics (INE).
Bank guarantees for off-plan stage payments a new source of woe for buyers
Some Spanish banks and insurance companies are breaching consumer protection laws by stalling, or refusing to honour guarantees for off-plan stage payments, reports the Spanish daily ‘El Pais’.
Biggest Spanish agents close half their offices in 6 months
In just 6 months, the 10 largest estate agents in Spain have closed more than half their offices, reports the Spanish daily ‘EL Pais’.
Barcelona property prices still rising
The property market in the Barcelona region may have collapsed, with transactions down by 46% according to the property register, but property prices in the Catalan capital are still rising, at least according to a new report from Barcelona’s town hall.
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