Archives for November 2009

November 30th, 2009

In more mortgage related news, the Euribor has closed the month of November with its ninth straight record low at 1.23%, meaning an average saving of 240 euros per month or 2880 per year compared to one year ago, this data is based on an average mortgage of € 150,000 ...

Continue reading 240 Euro per Month Saving on an Average Spanish Mortgage

November 30th, 2009

While not specifically Spanish related, many feel that this story is reflected worldwide and that banks are just looking to protect themselves and their shareholders and not helping normal mortgage payers as promised, even after seeking huge financial injections from world governments. The story stems from new evidence to suggest that ...

Continue reading Banks Relucatant to Refinance Mortgages with Public Money

November 27th, 2009

The Ministry of Finance has estimated that more than half of all residential leases in Spain not declared to the relevant tax authorities. This has been stated just over a month since income tax rent relief for landlords was raised from 50 to 60%. Specifically, they estimate that there are ...

Continue reading Massive Tax Evasion on Rental Properties in Spain

November 26th, 2009

The average home in Spain is currently on the market for 344 days, taking more than 11 months to find a buyer, according to a study recently published, which indicates that many prices are still out of reach of many buyers. The length of time is reduced in some areas of ...

Continue reading Around 1 Year to Sell a Spanish Property

November 12th, 2009

Many people have trouble making sense of and interpreting the TINSA numbers. Here's why I think some of them are more useful than others. The TINSA Spanish Property Index was updated and published recently. TINSA calculates a number to represent the overall value of the properties which they have valued - that's ...

Continue reading TINSA House Price Index October 2009