Vicente Torres, a 74 years old man, suffering from a heart condition, can keep living in his Carabanchel apartment for five years, paying a monthly rental fee of 150 Euros. The elderly man received support from dozens of people who had heard of his dramatic situation, after the ...

26/04/2012

Mortgage Lending is practically a species in the verge of extinction. Mortgage lending has sharply fallen in February by 47.1% year on year, with just 26.415 new contracts signed according to the National Statistics Institute (INE). Lenders credit restrictions and enormous pressure ...

24/04/2012

Children have become human shields against evictions. At least ten evictions have been prevented thanks to requests asking permission to allow children to end up the school year at their usual school, where their friends are. The Platform of People affected by Mortgage (PAH), claims ...

23/04/2012

El banco de La Caixa también ha optado por sacrificar sus resultados y cumplir íntegramente con las demandas del Gobierno de cubrir los activos inmobiliarios. En consecuencia, el beneficio se ha desplomado un 84% en el primer trimestre del año, hasta los 48 millones de euros, después de provisionar ...

19/04/2012

The Bank of Spain has said their data shows that the bad debt level has risen to 8.16% for the first time in 18 years. The highest bad debt level ever seen in Spain was 9.15% in February 1994.

This is an increase of 7.91% from January´s level; the figure now stands almost 2 percentage points when compared ...

18/04/2012

The annual report on the Spanish property market by real estate market analysts R.R. de Acuña & Asociados has just been released. Considered one of the most influential annual reports on the sector, it’s not hard to see why hard pressed developers, banks, and Spanish property investors might not ...

18/04/2012

The financial sector exposure to real estate amounted to 450Bn Euros in late 2011, according to data from The Statistical Yearbook 2011-2012 of the Spanish property market report released by real estate market analysts R.R. de Acuña & Asociados. This figure represents 50% of the total credit ...

17/04/2012

Spanish real estate firm Bankia Habitat is to slash the asking prices of 300 coastal properties by 55% at the real estate trade show SIMA 2012, the slogan for the show “Walking to the Beach” will offer new and second hand properties in desirable coastal areas, according to a press release issued by ...

16/04/2012

"The life of a building is longer than the life a person can spend on it" so buildings should be thought of as places that permit changes of use and their transition from family home to offices, trade or even school premises should be made easier. But to make this possible two things are needed: freedom ...

13/04/2012

Real estate companies and financial institutions offer their residential product for lease as buyers still face great difficulties when trying to obtain mortgage financing for acquisitions.

SIMA 2012, Madrid property trade show, to be held next weekend at the IFEMA fairgrounds, has this ...

13/04/2012