Re: Re: Press articles about the Spanish property situation

Fuengi (Andrew)

@itsme wrote:

Aren’t banks only willing to lend on their own repo properties? Has anyone tried to get a mortgage to buy a non bank repo? I wonder if they might really try to bend your arm to get you to buy one of theirs??

Wouldn’t the villa in the article really only sell for about 80k, as per the current climate which is going down and down…..?

banks are lending for the purchase or resale properties.
they might, but in most cases banks do not offer the best prices.
the property in the article is not a villa, its a small terraced house.
based one the location, market segments that buy in the area, average prices, etc… i would say 80K€ probably about right.