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Posts Tagged ‘Spanish Housing’

Spanish Banks UNABLE to Sell Toxic Real Estate Assets

by K.Campbell-Overseas-Property-Mall on Thursday, November 24th, 2011 in European Property, Spanish Property

Spain’s markets are in a fix, and there seems to be no creditable solution in sight. In fact, there is no credit. Lending activity in the country has slowed down dramatically, having experienced its greatest fall this year (a record 2.64% decline till September). The property markets gone bust, and looks to have taken all the air out of Europe’s fourth largest economy. Borrowers keep defaulting, and homes foreclosing. The only thing that’s left soaring here is the national unemployment rate (22.6% at present vs. 7.9% in summer 2009).

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Spain Seeing Some Bright News but Long Windy Road Ahead

by Overseas Property Mall on Thursday, January 28th, 2010 in Spanish Property

Homes-in-Andalucia-Spain

Hopes have emerged that the battered Spanish property market could be hitting something that feels like a floor. Pardon the vague language, but with 1 million homes still on the market to say the future is torrid for Spanish property is an understatement despite the latest positive data.

The most positive aspect of the latest data to be released shows that home sales transactions rose 5.3% between October and November last year, leaving them down just 2.6% year on year, compared to 21% in October and 17% in September.

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