Labour MP with home in Alpujarras facing investigation
Labour MP Margret Moran is facing investigation for allegedly using Commons stationary in a dispute with neighbours in Spain, reports a recent article in the Daily Telegraph. Moran is one of many MPs under fire for fiddling expenses in the UK.
25pc off new colonial-style villa at Desert Springs desert golf resort in Almeria
Publicity A price reduction of €237,500 is being offered to buyers of a four-bedroom Spanish colonial-style country villa identical to this one (centre of picture) at Desert Springs, Europe’s only international award-winning luxury family resort and championship desert golf course in the Almeria region of south-east Spain.
Mortgage booby-trap when prices fall 20pc or more
Not a lot of people know that if you buy a property in Spain with a mortgage, and the property then depreciates in value by 20% or more, your lender can force you to stump up more collateral to guarantee the loan, even if you are up to date with your payments. With Spanish property [...]
Banks offering preferential mortgage terms to shift repos
Desperate to shift their fast growing stock of repossessions, Spanish banks and cajas – savings banks – are reported to be offering preferential mortgage terms such as lower premiums and arrangement fees to clients who take a property off their hands.
Big Spanish developers announce big losses
Of the big Spanish developers quoted on the Madrid stock exchange that have announced first quarter results, most have reported multi-million Euro losses.
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