Articles tagged as "Spanish Banks"

Articles tagged as "Spanish Banks" : 17 articles

Spanish economic growth on track in third quarter

Spain has enjoyed some of the strongest and most sustained economic growth of all the nations in Europe over the past 24 months.

Spain has enjoyed some of the strongest and most sustained economic growth of all the nations in Europe over the past 24 months.

It’s only really economists who break the year down into quarters. Sure, we all have a mental map of when summer ends and winter starts, but spring and autumn often do a passable impression of the seasons either side of them, which makes the notion of four seasons redundant for many…

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Author: 02/11/2017 [0] Comments 

Monthly sales figures for Spanish property topping 40,000 as stability reigns

Activity in Spain's property market is brisker today than it has been for almost a decade.

Activity in Spain’s property market is brisker today than it has been for almost a decade.

Analysis of property sales data by Spanish property market valuation and appraisals firm Tinsa has shown that monthly transactions have held steady at and around the 40,000 per month mark for the past few months.

This performance indicates that Spain’s property market has entered into a new phase of growth; a more sustained, steady and encouraging stage that generally follows on from the more rapid increases in property purchases associated with a market’s initial recovery…

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Author: 19/09/2017 [0] Comments 

Santander sells €10 billion worth of Spanish property

Santander's sale of Spanish property is indicative of broader movement in the real estate sector.

Santander’s sale of Spanish property is indicative of broader movement in the real estate sector.

Movement in Spain’s real estate industry has been brisk for the past 24 months at least, with the residential housing market particularly buoyant thanks to the cash and activity of private buyers…

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Author: 10/08/2017 [0] Comments 

Experts predict 10% property sales increase for Spain in 2017

Spain could well see more than half a million homes sold in 2017 - the most for a decade.

Spain could well see more than half a million homes sold in 2017 – the most for a decade.

The peak of summer tends to bring optimism, which certainly seems to be the case for Spain’s property market, which has enjoyed a strong year so far.

Indeed, such is the confidence and positivity coursing through the veins of the industry that Spanish bank BBVA has forecast that 2017 will end having seen a 10% sales increase compared to last year…

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Author: 31/07/2017 [0] Comments 

Spanish mortgage holders to receive billions in repayments from banks

The ruling is going to hit the pockets of many leading Spanish bank names quite hard.

The ruling is going to hit the pockets of many leading Spanish bank names quite hard.

As many as 2.5 million Spanish mortgage holders could be in line for a rebate of many thousands of euros after the European Court of Justice (ECJ) last week ruled that the practice of some Spanish banks in issuing “unfair” mortgage floor clauses contravened European law, and all money earned from this practice must be paid back

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Author: 27/12/2016 [0] Comments 

Spanish mortgage activity surged 10% in September

The Spanish property market has enjoyed a stunning recovery, and the stats bear this out.

The Spanish property market has enjoyed a stunning recovery, and the stats bear this out.

Further good news was bestowed upon Spain’s property market last week following the publication of official data that showed the number of mortgages approved in September had risen by 10% in the space of a year.

According to the National Statistics Institute (INE), there were 26,667 mortgages approved in September this year, which offers yet more concrete proof that the Spanish property market has recovered from its post-credit crunch wobbles…

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Author: 28/11/2016 [0] Comments 

Spanish mortgage approvals increased 6.4% in August

Mortgage approvals have grown significantly throughout 2016, and August was no exception.

Mortgage approvals have grown significantly throughout 2016, and August was no exception.

As sales volumes and prices rise, confidence in Spain’s property industry has been growing in lock-step, with banks increasingly keen to lend and keep the market recovery going.

Data published last week by the National Statistics Institute (INE) showed that the number of mortgages approved in August reached 20,309 nationwide – a 6.4 per cent increase on the same month last year.

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Author: 01/11/2016 [0] Comments 

Affordable Spanish mortgages to continue for two more years at least

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Fixed rate mortgages in Spain are currently very affordable, and are likely to stay that way for at least two years.

The low interest rates that are currently shaping the Spanish mortgage sector are set to continue for at least two more years as the uncertainty over the future of the Eurozone continues, experts have said…

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Author: 07/10/2016 [0] Comments 

Tranquil times for Spain’s economy, reports the FT

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Having hit rock bottom in 2012, Spain’s banks are now a force for good for Spain’s economy, experts say.

With credit flowing more freely through Spain’s economy this summer than it has done for many months, the country’s banking system is enjoying a rather tranquil time of it, says the Financial Times (FT), as consumer confidence picks up, the property market goes from strength to strength, and job creation booms…

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Author: 12/08/2016 [1] Comment 

Spanish mortgage approvals up 20% in space of a year

Spain's property market is approaching a perfect storm of rising values and rising transactions.

Since pretty much flatlining in 2014, mortgage approvals rose 20% in 2015, driving Spain’s property market recovery.

Yet more positive data has emerged from Spain’s National Statistics Institute (INE) that reveals the rosy state of the nation’s housing market.

After it was revealed last week that Spanish property prices are set to enjoy an average increase of around 6.3% in 2016, new stats from the INE revealed that the level of mortgage lending in 2015 was 20% up on that recorded in 2014…

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Author: 03/03/2016 [0] Comments 
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