Selling a Spanish property – Costs Money
Posted by admin on Nov 3, 2011 in About Spain, Blog, Currency Exchange, Selling Spanish Property, Spanish Mortgages, Spanish Property for Sale, Spanish Taxes | Comments Off
When selling your Spanish property you should always know what costs you will incur and what your liabilities are. It is advisable to use a solicitor, who should ensure that your legal and tax requirements are met and that there are no debts left on a property for the buyer to inherit and that the buyers are aware of their...
5 Risks and Opportunities when buying a Spanish home in 2011.
Posted by admin on Apr 5, 2011 in Blog, Buying Spanish Property, Spanish Banks, Spanish Mortgages, Spanish Property Market | Comments Off
Risks and opportunities when buying a Spanish home this year. 2011 is set to be a challenging year for the real estate market. There are a number of risks in the market, such as house prices and mortgage requirements, but for some people the crisis has created opportunities which can be exploited. As the mortgage portal...
Banking News
Posted by admin on Mar 17, 2011 in Blog, Spanish Banks, Spanish Mortgages | Comments Off
Mortgage rates for all ages. Age is a key factor when applying for a mortgage, as it determines not only the mortgage loan conditions the bank offers you, but also the factors to be taken into account when deciding which offer to accept. According to helpmycash.com, a mortgage specialist portal, each age group has its own...
Orihuela Costa – Raul
Posted by admin on Mar 4, 2011 in 3 Bedrooms, Apartment, Bedrooms, Costa Blanca, Location, €125,001 - €250,000 | Comments Off
Details: 2 Key ready, spacious top floor apartments with large 58m2 solarium, terrace, parking, alarm and themed community swimming pools in secure gated complex. Situated between Villa Martin and Playa Flamenca, this new area has easy walkable access to the numerous...
Orihuela Costa- Lucia
Posted by admin on Mar 4, 2011 in 2 Bedrooms, Apartment, Bedrooms, Costa Blanca, Location, €000.001 - €125,000 | Comments Off
Details: Last remaining apartments discounted. Lovely key ready, ground floor apartments with garden area, parking, alarm and themed community swimming pools in secure gated complex. Situated between Villa Martin and Playa Flamenca, this new area has easy walkable...
Orihuela Costa – Inspiration
Posted by admin on Mar 4, 2011 in 3 Bedrooms, Bedrooms, Costa Blanca, Location, Townhouse, €125,001 - €250,000 | Comments Off
Details: Key ready, spacious, light and airy quality built quattro houses, 3 bedrooms, 2 bathrooms, parking, solarium, storage, alarm and themed community swimming pools in secure gated complex. Situated between Villa Martin and Playa Flamenca, this new area has easy...
Spanish Bank Repossession-Navarra Provincial Court overturns previous ruling, and states that giving your home back to the bank does not cancel the mortgage.
Posted by admin on Mar 1, 2011 in Blog, Spanish Banks, Spanish Legal System, Spanish Mortgages | Comments Off
The now famous ruling by the Provincial Court of Navarra, which allowed a homeowner in financial difficulties to cancel his mortgage debt by giving his home back to the bank, has not lasted very long. A new ruling handed down by the Third Division of Navarra Provincial Court has overturned the ruling issued by the Second...
Spanish bank repossessions – Court stops bank from pursuing couple for negative equity.
Posted by admin on Feb 16, 2011 in Blog, Selling Spanish Property, Spanish Banks, Spanish Legal System, Spanish Mortgages | Comments Off
A court in Navarre (North Spain) has thrown out a bank’s claim to pursue a couple for negative equity, creating a precedent that could turn the Spanish mortgage market on its head. The judge ruled that by taking the property the bank had enough to cancel the loan of 72,000 Euros, even though there were no bidders when the...
Spanish Properties – Key Ready New Builds or Resales, which should you, Buy?
Posted by admin on Oct 28, 2010 in Blog, Buying Spanish Property, Estate Agents Spain, Spanish Property Market | Comments Off
In the Spanish property market there are still thousands of Spanish properties available for sale at differing prices which are set either by the banks, builders or owners, according to the amount of funds they are trying to recover. The Spanish banks are holding large portfolios of Spanish properties and are vying with each...
Spanish Banks Property Portfolios – Banks Keeping the Price of Property Artificially High
Posted by admin on Oct 4, 2010 in Blog, Buying Spanish Property, Estate Agents Spain, Invest in Spain, Selling Spanish Property, Spanish Banks, Spanish Mortgages, Spanish Property Market | Comments Off
A recent article in one of Spain’s leading papers points the finger at banks for keeping the price of property artificially high. Why have property prices fallen less in Spain than other countries that had property bubbles like the US and the UK? One reason is because the official housing price data in Spain is completely...
Spanish mortgages – How to remove the minimum interest rate clause from your mortgage.
Posted by admin on Sep 1, 2010 in Blog, Spanish Banks, Spanish Mortgages | Comments Off
If your mortgage has a minimum interest rate, or mortgage floor, it can cost you money. What is a mortgage with a minimum interest rate? HelpMyCash.com, a mortgage portal, explains that a mortgage floor is a mortgage in which there is a lower limit on the amount of interest you pay on your mortgage each month, which means...
Spanish Economy-Were The EU Bank Tests Stressful Enough?
Posted by admin on Aug 11, 2010 in Blog, Invest in Spain, Spanish Banks, Spanish Taxes, Tax Planning Spain | Comments Off
On 23rd July the results of the much anticipated stress tests on European banks were published. There were no surprises, with just seven out of the 91 banks tested across the 27 EU Member States failing. But does this mean that European banks are safely out of the woods? While the results will hopefully give the markets...
Spanish Home repossessions are on the increase.
Posted by admin on Jun 7, 2010 in Blog, Selling Spanish Property, Spanish Banks, Spanish Mortgages, Spanish Property Market | Comments Off
The government has accepted to reform the code of civil procedure to raise the threshold for salaries that cannot be seized when executing a mortgage in order to protect low income families and follow through with a proposal from the IU-ICV parliamentary group. With the new legislation, pending final approval, the minimum...
Spanish Banks The Bank de España wants to reduce banks’ property portfolios
Posted by admin on Jun 7, 2010 in Blog, Buying Spanish Property, Invest in Spain, Spanish Banks, Spanish Mortgages, Spanish Property Market | Comments Off
The Banco de España (bde) has asked a large number of banks to undertake an impact test for their residential Spanish properties and other real estate assets in order to draw up a new strategy, based on provisions whose purpose is to ensure banks and savings banks sell their residential real estate as soon as possible. The...
