mortgages
November 26th, 2009
A survey, conducted in June this year among more than 6,000 people reveals that currently the major obstacle in buying a property in Spain was in obtaining financing. In fact, 87% said it is difficult or very difficult to get a loan today, well above the European average 60%. However, it also ...
Continue reading Spanish Property Buyers just need Finance
November 30th, 2009
While not specifically Spanish related, many feel that this story is reflected worldwide and that banks are just looking to protect themselves and their shareholders and not helping normal mortgage payers as promised, even after seeking huge financial injections from world governments. The story stems from new evidence to suggest that ...
Continue reading Banks Relucatant to Refinance Mortgages with Public Money
January 4th, 2010
As well as the recently reported rises in the rates of essential basic services such as electricity, gas and public transport, general taxes have also risen in the new year. The government has adopted higher taxes in efforts to address the drop in revenues caused
Continue reading New Year Spanish Tax Hikes
January 22nd, 2010
The Euribor today matched its all time daily low of 1.222%, which it last reached on the 16th of November 2009, bringing the provisional month average down to 1.235%. With just five working days until the end of January, the interim monthly average is less than that reached in
Continue reading Record Equaling Low For Euribor
January 26th, 2010
According to data released today by the National Statistics Institute (INE), the number of home mortgages issued during November 2009 was 52,043, representing a growth of 1.8 percent over the same month in 2008 and the first
Continue reading Issued Mortgages Rise For First Time In 18 Months
February 8th, 2010
Spanish families who purchased a home in 2009 spent less than a third of their annual gross income on their property, which is almost thirteen percent lower than 2008 (41.6%), mainly due to the fall of the Euribor rate and tax deductions.
Continue reading Average Cost Of Buying A Home In Spain Falls
February 25th, 2010
The Euribor, the main indicator used for calculating mortgages in Spain, has marked a new all time low. On the penultimate day of the month, the Euribor experienced a substantial drop to finish at 1,218%, from 1.226% the day before.
Continue reading Another All Time Low For the Euribor
April 15th, 2010
The president of the Association of Spanish Promoters and Constructors (APCE), José Manuel Galindo, said today that the property sector is beginning to "see the light at the end of the tunnel", now that the recovery of new home sales seems to be consolidating. Galindo, who was
Continue reading Light at the End of the Tunnel for Spanish Property Sales
April 19th, 2010
This year is the last year you will be able to buy a home in Spain with extraordinary income tax relief, regardless of the buyer's status. As of January the 1st 2011, the reductions for buying a property in Spain will depend on a buyer's income and will mean that ...
Continue reading Time Running Out for Tax Relief on Spanish Mortgages
April 26th, 2010
The number of Spanish mortgages issued rose again in February, an 8.5% year on year increase, up to 54,813 mortgages and representing an increase of 6.2 percent compared to January 2010, which itself had a 2.3% monthly rise. According to the data, released today by the National Statistics Institute (INE),
Continue reading Further Increase in Spanish Mortgages Approvals
