The Spanish view of a potential Brexit
The debate over Britain’s status in the European Union is not just a matter for the British people living in the country, or British citizens living and working within Europe, it is also of concern to the other member countries too.
EU tells Spain to ban mortgages with “abusive” contracts
The EU is threatening Spain with action unless it improves protection for the public when taking out a mortgage with a Spanish bank. In a formal notice sent out last week, the European Commission said it “is requesting Spain to bring its national laws on civil procedure regulating mortgage enforcement and payment orders in line with EU consumer law… to ensure that consumers are fully protected against unfair contract terms.” The Commission says that Spain has two months to reply to the notice.
April property market update
Latest reports suggest that the current demand for housing in Spain will continue rising by around 10% throughout 2016, stimulating further growth in house prices throughout the year.
Signs of Property Market recovery in Spain
The property market in Spain saw an improvement at the end of 2015, although this was patchy, with some areas faring better than others. Since the beginning of 2016, the market has had ups and downs, with a drop in sales in January, but a rebound in February, and a very strong comeback in Madrid and Barcelona with high end property selling well.How to buy a holiday home in Spain
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