banco santander
March 13th, 2006
If you escape often to your second home in the Loire Valley or enjoy spending August sipping sherry at tapas bars off the Plaza Mayor, you might want to consider setting aside some euros ahead of time to finance your excursions. The tough part is working out the best ...
Continue reading Find a Good Home for Holiday Money
January 11th, 2007
With temperatures dropping still further as we start the long haul to spring, it’s the time of year when many Britons fly south. Some 2.5 million of us own holiday homes abroad and, according to Halifax estate agents, that is set to double in the next five years. The most popular ...
Continue reading Money Transfers Made Easy
September 5th, 2008
Fitch Ratings has downgraded six sets of Spanish mortgage securities issued by Banco Santander, heightening concerns that the damage from Spain’s property crash is spreading to the country’s strongest lenders. The loans were “sliced and diced” and packaged in an identical way to sub-prime mortgage bonds in the US, belying claims ...
Continue reading Concern Over Spanish Bank Securities
October 29th, 2008
Despite the slowdown in the Spanish property market there is still an astonishing volume of new properties coming onto the market targeting the holiday home buyer. So why, asks Mike Hamilton, Director of Murcia based Casas de Lorca, is the vast majority of Spanish property stock aimed at the holiday home ...
Continue reading New Spanish Homes Targeting Wrong Buyers
June 9th, 2009
There were a couple of interesting articles this week in the Spanish daily ‘El Mundo’ about bank repossessions in Spain, and what the 10 biggest lenders are offering investors.One article pointed that Spain’s banks and savings banks – known as cajas – are now the country’s biggest real estate companies. ...
Continue reading Spanish Banks: Property Repossession Top Ten
June 29th, 2009
A €99 billion bailout fund for healthy as well as struggling Spanish financial institutions is to be approved by the Spanish Cabinet at one of its regular meetings. Cadena Ser radio, which cited a copy of the proposal, said that banks without capital shortages may have access to the fund if ...
Continue reading Spanish Banks Gain €99B Support
July 23rd, 2009
After struggling to find a buyer for her renovated two- bedroom apartment in Madrid for two years, Arancha Ibarra found a tenant for 750 euros ($1,066) a month, becoming one of the 1.5 million second-home owners thrust onto the country’s rental market. The number of properties for rent in Spain climbed ...
Continue reading Most Spanish Rental Property Since 1950's
August 10th, 2009
Spanish banks have been doing their best to shield themselves from the bursting of the country’s property bubble. By buying properties before the loans on them go bad, lenders can mask their worst bets. Restructuring loans has the same effect. Help is now at hand from an unlikely source: the normally ...
Continue reading Spanish Property Tricks and Mortar
August 31st, 2009
Just as speculation about the health of the banking system in the U.S. seems to be quieting down, there's reason to believe that foreign banks - particularly two Spanish institutions - are about to go under the microscope, even as the pair snaps up assets in foreign countries. Banco Santander ...
Continue reading The Hidden Truth Behind Spanish Banking 'Strength'
October 6th, 2009
Maria Jose Lozano, a civil servant from Madrid, left a recent property fair empty-handed after discovering that home prices were still out of reach in a market where sales have dropped 50 percent from their 2006 peak. “We came here expecting to find a bargain, or at the very least some ...
Continue reading More Pain as Spanish Banks Avoid Property Losses
