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Off-plan buyers in Spain recover deposits

Overseas buyers who placed deposits on off-plan properties in Spain during the boom years of 1998 to 2008 now have an opportunity to recover some of their losses. Finally, a ruling by the Spanish Supreme Court in 2015 is being acted upon and it means that financial...

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Boom in Spanish holiday home sales

The demand for holiday homes in Spain is definitely on the rise, according ot an article in El Pais. Tinsa-supplied data shows that Areas with clear signs of recovery in the holiday home market are the Balearics, Canaries, Costa del Sol, North Alicante and the Costa...

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Spanish mortgages Spring/Summer 2018

The latest figures for the Euribor, the base rate used to calculate Spanish mortgages was at -0.188 in May 2018, putting it at 48% lower than in May 2017. Although the May rate is slightly higher than that in April, it still represents a saving for those who reset...

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Lowest rate for Spanish mortgages in 2018

The Euribor rate continues to fall this year, albeit not quite as dramatically as in previous years, and it means that property owners will reduce their monthly mortgage interest repayments. Most Spanish mortgages are based on the base rate of the 12-month Euribor. In...

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Spanish banks tighten up on mortgages

There is one particularly important piece of news for buyers interested in Spanish property. The Bank of Spain has issued a directive that came into effect as of 1st January 2018, instructing Spanish banks to tighten up their lending conditions for a Spanish mortgage....

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Money Corp

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