Finance and Property News

The Mortgage Helpline International Group

Spain sees annual rental increases of 5.5%

Spain has seen rental prices increase for the 5th year in a row, increasing by 5.5% year on year. Buy-To-Let in Spain has proven a hugely successful investment for investors with large landlord tax breaks of 70%, or more, on rental income tax, which is also available...

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Spanish mortgage lending up 8.1%

12-month Euribor, the base rate used to calculate interest payments on most mortgages in Spain, came in at -0.261 as a monthly average in December compared to -0.129 the same a year before, meaning it was more than twice as low over 12 months. As a result, borrowers...

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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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