Reply To: Mortgages in Spain

#75679
Anonymous
Participant

@p800aul wrote:

You’re right about the mortgages they are lending in our area even for Los Lagos

But at what price (risk) to the mortgagee? Los Lagos is a real risk. Green Hills not so much because it will get the LFO when the developers reach a settlement with the Town Hall, which is in progress.

Would the fact that there are very few buyers around make the banks desperate to lend? After all it is part of their bread & butter.

I have just read on another forum a post from someone trying to sell on La Reserva. Depressing reading.