Finance and Property News

The Mortgage Helpline International Group

Where do foreign buyers buy in Spain?

16,209 Spanish homes were bought by foreign buyers in the second quarter of 2019, but where do they buy? The market with the highest proportion of property buyers from abroad was Alicante province in the Valencia Region, home to the Costa Blanca, where 41.81% of home...

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New Spanish Mortgage Regulations

A recent change to Spain’s mortgage law makes banks pay more of the set-up costs, which they have promptly passed onto consumers in the form of higher borrowing charges, reveal figures from the Bank of Spain. The latest economic report touching on the housing and...

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Spain’s mortgage law reform explained

Anyone signing for a new mortgage since the 17th June 2019 will have noticed a dramatic change in processes now that legislation has introduced a complete overhaul of the home loan system covering who pays what, how applications are approved, and what the lender can...

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Spain’s new mortgage act

Spain’s new Mortgage Act brings a raft of changes. All changes became effective from 17th June 2019.   Floor clauses (collar clauses) will be completely removed in all mortgage loans.  Repossession procedures will now only take place when a borrower falls in...

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Property sales in Spain up 14% in first quarter of 2019

Residential property sales across Spain increased by 14% in the first quarter of 2019 compared to the same period in 2018, the latest official figures show. As a proportion of total sales, they increased from 17.7% to 19.5%, according to the data from the National...

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10% increase in Costa Blanca property sales in 2018

Residential property sales recorded a 10% increase in 2018, returning to pre-2008 numbers. 2018 was the best year for the Spanish housing market since the crisis broke out. According to data published by the Spanish Ministry of Public Works, nearly 590,000 homes were...

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Spanish home sales up 5% in February

The number of Spanish home sales inscribed in the Land Registry was up 5% in February compared to the same month a year before. The Spanish housing market has expanded every February for the last five years, according to figures from the National Institute of...

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