SAREB The Spanish Bad Bank

What is happening? In December the Spanish bad bank SAREB was formed and started to take over property from the Banks in trouble. At this point we at IMS had a mortgage client who was buying a property In La Manga direct from one of the banks.There were in fact a few apartments all of which […]


Percentage of Spanish mortgages in default

The last 7 days have seen two bits of negative news come out of Spain relating to the housing and Spanish mortgage market. The first statistic issued by the Bank of Spain relates to the level of loans in default or assessed as at risk. For yet another month running this has increased and now […]