Banks forced to increase write downs, paving way for bigger price reductions
The Bank of Spain (BoS) has announced plans to force banks to recognise bigger losses on debt-for-property swaps. That might mean bigger discounts for home buyers if the impairments are passed on.
Euribor up for second month, but mortgage payments down for most
A summary of the Latest Euribor and Spanish mortgage news
Taylor Wimpey extends juicy offer to selected developments on the Costa del Sol
Save big bucks if you buy a home at Las Encinas de los Arqueros, Marbella, before July. Publicity
Planning approvals down 24pc in Q1
Residential planning approvals are still falling fast, showing that the building sector has not yet touched bottom.
Sir Geoff Hurst wins High Court case over £600,000 Spanish property
Sir Geoff Hurst won a High Court fight yesterday over a £600,000 investment in Spanish property. The England World Cup hero, along with six other investors, sued Mark Cordner, their former financial adviser, for misrepresenting terms of a £2 million deal for off-plan villas in 2003 and 2004. Read the full article at The Times [...]
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