Archives for Property
February 21st, 2012
The total balance of mortgage loans from financial institutions stood at 1,009 billion euros at the close of 2011, representing a slump of 6% over the previous year, and the biggest drop in recorded history. These figures come from the latest data published by the Spanish Mortgage Association (AHE), which ...
Continue reading Mortgage Loans Suffered Biggest Recorded Drop in 2011
December 23rd, 2011
An earthquake with an intensity of 2.9 degrees on the Richter scale occurred at 2329 hours on Monday night, with its epicentre about six miles deep, between the Rafael Mendez hospital and the Saprelorca industrial estate in Lorca, Diario Sur reported. Immediately, many residents jammed the phone lines of the local ...
Continue reading New Earthquake Fears for Lorca
December 2nd, 2011
Cantabria’s First Housing Fair starts today and runs through to Sunday 4th December, with the aim of establishing a meeting point between demand and supply and taking advantage of the reduction of VAT on house purchases. The Fair will offer visitors deals on residential products, both on first and second homes, ...
Continue reading Cantabria Housing Fair Kicks Off with Great Deals
November 15th, 2011
With the aim of encouraging homeowners to save energy efficiently, ahorratuenergia.es (save your energy) has been launched, a free web application that informs users of their energy consumption. Easy to use, the app provides the owner with the current costs associated with their property and any potential energy improvements which ...
Continue reading New “App” Launched to Promote Energy Saving
September 26th, 2011
Protesters gathered in towns and cities across Spain yesterday to call for the suspension of home repossessions and for home ownership to be a basic right rather than a business. Among the demonstrators were members of the 15-M movement, the Plataforma de Afectados por las Hipotecas ('platform for mortgage victims' and the ...
Continue reading Property Repossession Protests
August 1st, 2011
The CEO of Banco Santander, Alfredo Saenz, has announced that from August, they are to offer private and self-employed clients "with income problems," a period of three years deferment on mortgage loans for primary residences. "We will offer those individuals or self-employed clients who are unemployed or have suffered loss of ...
Continue reading Santander to Defer Mortgage Payments for Hard-Up Clients
April 9th, 2011
The campaign group, AUAN (Abusos Urbanisticos Almanzora No), racked its Spanish illegal homes campaign up another notch this week by lodging a criminal complaint against Josefina Cruz Villalon, Consejera for Public Works and Housing in the regional government of Andalucia, for offensive statements she made in Parliament earlier this month. The ...
Continue reading Illegal Homes Campaign Files Criminal Complaint
March 8th, 2011
Home sales have risen for the first time in four years in Spain, although the main drivers of the increase were one-off factors. The Public Works Ministry said yesterday that property sales in 2010 were up 5.9 percent to 491,000 units. In the fourth quarter alone, purchases were up 14.2 percent ...
Continue reading Home Sales Rise Again in Spain
February 25th, 2011
After having been deemed illegal in 2007 by the Andalucia regional government for being constructed on non-urban land, around a thousand homeowners in the town of Zurgena have been assured that their properties will not be demolished. Despite assurances from the town's mayor, Candido Trabalon, that the homes will not be
Continue reading Mayor Tries to Calm Fears Over Illegal Zurgena Property
January 28th, 2011
In what could be the beginning of a change in Spanish law, a judge in Navarra has ruled that the proceeds gained from the sale of a property repossessed by a bank should be sufficient to clear the former owner's debt. Under current Spanish law, mortgage lenders have the right to ...
Continue reading Court Rules “Repossessed Property Covers Excess Mortgage Debt”
