Free mortgage for 3 years

It makes you wonder what is going on when a Spanish savings bank starts offering to lend you money for free, at least for 3 years. A mortgage with no interest or capital repayments at all for the first 3 years, and no capital or interest roll up for later years. Also, a mortgage with [...]

Banks to put “huge quantity” of homes on market says expert

Spanish banks will have to put a “huge quantity” of repossessed homes on the market over the next few months, said Juan Iranzo, Managing Director of the Institute of Economic Studies (IEE), during the presentation of a new book on the Spanish economy and housing market, sponsored by the savings bank Bancaja.

Minor victory for retired British owners of demolished home

Len and Helen Prior, the British pensioners whose home in Vera, Andalucia, was unlawfully demolished by the authorities, at last have something to cheer about in their battle for compensation. They can now move out of their garage, where they have been living for the last 2 years since their home was demolished in front [...]

The buying opportunity of a decade

Property markets are cyclical, and the time to buy prime property is now, during the bust, when everyone else is trying to sell. We could be on the threshold of the buying opportunity of the decade.