Archive for January 2015

SANTANDER: SPANISH HOME SALES TO STAGNATE IN 2015

Spain’s biggest bank, Santander, does not expect the Spanish property market to expand in 2015, largely due to constraints in mortgage lending. In a research note to investors Santander says levels of new mortgage approvals lie at the root of its doubts about the prospect for the property market in 2015. Without an increase in…

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NO RECOVERY FOR SOME SEGMENTS IN 2015…

The Spanish property market will have to live with a “new normal” of falling prices and mortgage credit restrictions in some segments, argues Fernando Encinar, head of research at Idealista.com, a Spanish property portal, in an article published in the daily El Mundo. 2014 was a better year than 2013, says Encinar, with some segments…

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PRIVATE EQUITY FUNDS PREPARE FINAL BIDS FOR €740M PROJECT GAUDI

Posted on January 6, 2015 3:45 pmby James Wallace A trio of private equity funds are among four finalists which will submit binding bids next week for a €740m portfolio of predominantly Spanish commercial real estate loans, secured by a raft of prized assets including the Hotel Arts in Barcelona, amid rising investor appetite in Iberia. CoStar…

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BRITONS WIN TURKISH PROPERTY PAYOUT RULING

Dozens of families who invested in beachside apartments have won a £3million battle against the builder and developer Golden Beach Complex, Turkey By Andy Probert 12:55PM GMT 31 Dec 2014 More than 50 British families have won a five-year court battle in Turkey to recoup millions of pounds they ploughed into a holiday property complex. The…

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