Monthly Archives: July 2009
Spain’s Banks Relaxes Lending Rules
Spain’s central bank has bowed to pressure and relaxed provisioning rules for lenders in a move that could help some banks avoid losses next year and allow others to strengthen their capital ratios. The Bank of Spain yesterday confirmed that … Continue reading
Spanish property prices plunge again
Spanish property could be offering more bargains for UK buyers after new figures revealed a further fall in prices. Data from the Spanish housing ministry showed that the annual rate of decline was more than 8.3 per cent in the … Continue reading
Spanish Property Price Falls
Spanish property prices are still falling, especially on the coast, according to fresh data from two different sources. Average prices fell by 10.1% over 12 months to the end of June says the Spanish property price index published by Tinsa … Continue reading
Spain Housing Collapse Cuts Rents in Worst Glut Since 1950s
Arancha Ibarra considers herself one of the lucky victims of Spain’s housing collapse. After struggling to find a buyer for her renovated two- bedroom apartment in Madrid for two years, Ibarra found a tenant for 750 euros ($1,066) a month, … Continue reading