Spain's Largest Bank Escapes Credit Crisis
June 09, 2008
Santander has reported a 22.4 per cent rise in first-quarter net profit, as it escapes the worst of the global credit crisis.
Murcia tops Spanish Mortgage Table
June 05, 2008
Murcia was the region of Spain with the highest number of mortgages taken out in January 2008 per 100,000 inhabitants.
The Average Mortgage in Spain Reaches 152,000 Euros
May 15, 2008
The average mortgage agreed on properties reached 152,333 Euros during the month of August, 1.6% higher than the same figure in July of 2007, according to mortgage data published by the Spanish National Statistics Institute.
Analysts claim interest rates will fall during the second quarter of 2008.
May 13, 2008
Inflation and the appreciation of the Euro would be the main reasons for such a fall.
Spanish mortgage news
May 08, 2008
Euribor – the interest rate most commonly used to calculate mortgage payments in Spain – fell for the second consecutive month in February to 4.349% (to be confirmed by the Bank of Spain).
Spanish Bank Cajamurcia Opens in London.
April 12, 2008
Cajamurcia has begun operating in the United Kingdom with the opening of its subsidiary branch in the centre of London.
Barclays Bank launch new Sterling account in Spain
March 30, 2008
Barclays in Spain has launched a new monthly Sterling deposit account that provides 10% interest AER in the first month representing one of the most attractive savings products on the Spanish market at present.
Brussels lowers growth estimate for Spain
March 04, 2008
The European Commission said Thursday it was lowering its growth forecast for the Spanish economy as part of a downgrade for Europe as a whole in the wake of the credit crunch unleashed by the US subprime mortgage crisis and a slowdown in the United States.
Analysts claim that Spanish interest rates will fall during the first quarter of 2008
February 22, 2008
Inflation and the appreciation of the Euro would be the main reasons for such a fall.
About Spanish Property Valuations
January 12, 2008
Official property valuations in Spain are performed by registered real estate appraisal companies, also known as property valuers, or property appraisers (tasador in Spanish).
