http://www.spanishpropertyinsight.com/buff/2009/10/30/bank-of-spain-to-double-provisions-in-move-that-may-drive-property-prices-down/ The lowdown on Spanish property Mon, 15 Mar 2010 11:54:14 +0100 http://wordpress.org/?v=2.8.4 hourly 1 http://www.spanishpropertyinsight.com/buff/2009/10/30/bank-of-spain-to-double-provisions-in-move-that-may-drive-property-prices-down/comment-page-1/#comment-565 Why haven’t Spanish property prices fallen more? | Spanish Property Insight Blog Mon, 28 Dec 2009 10:10:01 +0000 http://www.spanishpropertyinsight.com/buff/?p=2938#comment-565 [...] few months ago the Bank of Spain announced plans to introduced a new rule forcing banks to write off an additional 10% of the value of any repossession they have own..., on top of the 10% they have to write off when they first repossess. This might give banks an [...] [...] few months ago the Bank of Spain announced plans to introduced a new rule forcing banks to write off an additional 10% of the value of any repossession they have own…, on top of the 10% they have to write off when they first repossess. This might give banks an [...]

]]> http://www.spanishpropertyinsight.com/buff/2009/10/30/bank-of-spain-to-double-provisions-in-move-that-may-drive-property-prices-down/comment-page-1/#comment-517 polaris-world Fri, 30 Oct 2009 20:36:50 +0000 http://www.spanishpropertyinsight.com/buff/?p=2938#comment-517 The Spanish banks need to wake up. We have seen property repossessed at 2008 discounted prices which didn't sell then and subsequently remarketed 9 months later on a 10% increase. The banks are not competing with resale property in Spain at the moment. The Spanish banks need to wake up. We have seen property repossessed at 2008 discounted prices which didn’t sell then and subsequently remarketed 9 months later on a 10% increase. The banks are not competing with resale property in Spain at the moment.

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