Repossessions, distressed sales? What do Spanish banks really have to offer?
There was an interesting couple of articles this week in the Spanish daily ‘El Mundo’ about bank repossessions in Spain, and what the 10 biggest lenders are offering investors.
Spanish property investment gone wrong turns out good in the end
This personal account of a Spanish property investment gone wrong was sent in by email for publication. Though a thoroughly unpleasant experience for the investor, he ended up making money, and doing vastly better than he would have with his money tied up in a blue-chip British banking stock like, say, RBS, or even in [...]
Mass property ownership a flawed policy?
Some interesting comments in this vid from Niall Ferguson on property investment and the credit crunch. He’s talking mainly about first home ownership, but what he says is doubly true when it comes to holiday homes in a place like Spain.
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