Spanish mortgage market to change

Home | Contact Us | Our Services | About Us
Europa Mortgages - Spanish Mortgage in Spain
Need help with your mortgage? Use our 24-Hour Helpline - Call (+34) 637 451 649
Mortgage Services
Mortgage Enquiries
Mortgage Guide
Mortgage Calculator
Interest-Only Mortgages
Spanish Commercial Finance
Financial News
Documentation Required
Euribor Information
Mortgage Resources
Spanish NIE Numbers
Foreign Currency
Foreign Currency Exchange
Foreign Currency in Spain
Practical Steps
Overseas Mortgage Payments
More Advice on Currency
Spanish Property
Spanish Property
The Village
Spanish Property Rentals
Buyers Guide
Inheritance Tax
Useful Spanish Phrases
Need a mortgage in Spain? Get more information now.
Spanish mortgage market to change

News Article Date: Wednesday 17th of June 2009

Spain's mortgage market is set for a period of reflection, according to the director of trading at Currencies Direct. The payment technology solutions firm's Mark O'Sullivan said that the home loan market in the Mediterranean country is being "squeezed" - much like what is happening in the UK. His comments come following the Knight Frank Global House Price Index for the first quarter of this year, which showed that property prices in Spain fell by three per cent compared to the previous three-month period and by 6.8 per cent year-on-year. "What you are going to see in Spain is a lot of consolidation among the smaller banks that used to lend a lot to the expat community," Mr O'Sullivan explained. Those who have the cash to buy bricks and mortar in Spain may not be as hindered as people who are looking for mortgage finance. Anyone that does end up leaving Britain for the sunnier climate of the Mediterranean could benefit from safe storage facilities - to keep their non-essential belongings all under one roof.
Send us a mortgage enquiry for your mortgage requirements in Spain, France, Portugal, Cyprus, Florida, Dubai and Turkey Click here to send a Spanish mortgage enquiry
Follow our mortgage blog the latest news and often irreverent views Click here to follow our overseas mortgage blog Thanks for reading

- • -

For advice and a free quotation please fill out a Spanish mortgage enquiry.

Home | Mortgage Enquiries | Our Services | About Us | Contact Us | Mortgage Resources
Europa Mortgages - Tel (+34) 637 451 649 - Fax +44 207 681 1265
© 2004-2007 Europa Mortgages SC (CIF - G92654250). All rights reserved. No unauthorised copying permitted.

Web Design in Spain by abOriginal