Finance and Property News

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...

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...

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...

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...

More Information for Citizens and a compulsory visit to the Notary. The new Real Estate Credit Law will come into effect on Monday June 17 reinforcing consumer protection and legal security at the pre-contractual phase of mortgage loans in Spain. This law grants...

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...

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...

12-month Euribor, the base rate used to calculate interest payments on most mortgages in Spain, came in at -0.109 for its average in March, a slight decline on the previous month. As a result, borrowers in Spain with annually resetting Spanish mortgages will see their...

Due to busy home and work schedules, the time spent at your holiday home tends to be shorter than you’d like. Whether it’s in sunny Spain or picturesque Portugal, having a holiday home is a great way to feel comfortable while you’re abroad and do things the way that...

British demand for property in Spain rose 12% last year to 10,178 purchases recorded in the Spanish Land Register, back above the pre-Brexit referendum record of 10,156 in 2016. Although British demand fell in 2017 after the referendum, it appears the British shrugged...