Re: Re: Press articles about the Spanish property situation

#109406
DBMarcos99
Participant

One statement from that article

But if you are not a cash buyer, you may face obstacles. Expat buyers typically need a 40 per cent deposit for a mortgage from a Spanish bank, whereas the figure used to be nearer to 20 per cent.

Is this correct? I’m assuming it is (and think it’s a sound policy actually, pity it was relaxed in the boom years), but wonder if anyone knows differently?