Spanish Mortgages data for February 2013

Lending drops in Spain Data out from the Spanish Statistical office yesterday showed yet another decrease in  lending in Spainboth in terms of average loan size, capital lent and number of new mortgage constituted. The level of Spanish mortgages for residential dwellings completed in February 2013 fell by 4.9% in comparison to January 2013 and […]


Deutsche Bank Spain

A few weeks after withdrawing all lending facilities to anyone who earned their money outside the Euro Deutsche bank Spain has launched a new nonresident product aimed at Swiss, Norwegians and Danish clients. The withdrawal from nonresident lending appeared to be a knee jerk reaction to a spate of repossessions mainly from UK mortgage holders. […]


Spanish Mortgages statistical data 2012

Decrease in Spanish Mortgages according to INE December 2012 saw a further drop in overall mortgage lending in Spain. On the vaguely positive side the decrease in number of loan completed in December 2012 in comparison to November 2012 was less negative than November to December numbers for 2011. In 2011 the drop month on […]


Property transactions fall in Spain for 2012

Despite a small increase in property sales in December 2012 in comparison to Dec 2011 the overall annual figure for Spanish property transfers fell by 11.3%. Of the 49 thousand of total properties sold 23 thousand related to dwellings. In December the amount of sold new properties increased slightly as sales completed before the end […]


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 […]