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Www Mortgagebankukmortgage Tag Ya Mortgage Bank Mortgage Spanish Off-Plan Property -ank Guarantees - LEY 57/68

Www Mortgagebankukmortgage Tag Ya Mortgage Bank Mortgage

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Sabadell was the only bank to submit a takeover plan for CAM to the Bank of Spain after other interested parties, including Banco Santander, BBVA and La Caixa, dropped out of the race.

The absorption of CAM will allow Sabadell to displace Banco Popular as Spain's fifth-biggest bank, with a loan portfolio worth 124.785 billion euros, a network of 2,279 branches and staff of 17,042.



Posted at 12:04   Comments (0)


SO MUCH FOR THE ROAD SHOW SRA. CORREDOR!!
05 December 2011

Spanish house sales fall to record low since 2005

Wednesday, November 30, 2011

Home sales fell 31.9% in the third quarter of 2011 over the same period of 2010, accounting for 84,852 transactions, and representing the lowest figures recorded by the Association of Property Registrars since 2005.

The agency attributed the data to the difficult economic situation and high unemployment, which has not been alleviated by the reduction in prices and mortgage borrowing or by low interest rates.

El Mundo reported that, of the total number of homes sold between July and September, 41,734 were resales (28.7% less), a figure which marks a new low.　

The remaining 43,118 homes sold were new (34.7% less), a figure that is above the record low reached in the last quarter, mainly due to the lowering of VAT for the purchase of housing (from 8 % to 4%) which came into force in August and will continue until the end of the year.



Posted at 17:37   Comments (0)


Keith - Finca Parcs Action Group
I am leading the FINCA PARCS ACTION GROUP in legal action against Cleyton GES SL and Caja de Ahorros del Mediterráneo (Banco CAM) for the return of our off plan deposit payments as we never received the legally required Bank Guarantees.


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