Landsbanki collapse creates misery for dozens of property owners in Marbella
More than a hundred owners in Marbella risk losing their properties as a result of the collapse of the Icelandic bank Landsbanki, reports the Spanish press. The case is being treated as a potential fraud, and most of the victims are British pensioners.
Banks turning into Spain’s biggest estate agents
Property companies and mortgage borrowers are defaulting in rapidly rising numbers as Spain’s property slump digs in, leaving the banks that financed them holding the baby. Defaults and repossessions are turning Spanish banks into some of the country’s biggest estate agents.
Spanish property market shrinks by 29% in 2008
The Spanish property market shrank by 29% in 2008, according to the data released today by Spain’s National Institute of Statistics (INE).
An update on property price reductions in Mallorca
An update on property price reductions in Mallorca by Jan Westwood of The Property Finders. See below for contact details.
Spanish mainland and Canaries property market update from Engel & Völkers
- Turnover dropped by 24% last year over 2007 – Company still expanded in 2008 & will open new offices this year – Market panic has now passed but further market consolidation anticipated In 2007 Engel & Völkers reported its best figures ever since entering the market in 2000. At the start of 2008 Engel [...]
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