Reply To: Mortgage squeeze in Spain

#75006
Anonymous
Participant

The same is in the UK:

The Bank of England has agreed to give emergency financial support to the Northern Rock, one of the UK’s largest mortgage lenders, the BBC has learned.

http://news.bbc.co.uk/2/hi/business/6994099.stm

Sounds really bad.

Meanwhile all new golf fields at Murcia (Spain) are halted because there is not finance for it and surely also not sufficient buyers.