Real Estate News Blog United Kingdom July Archive

Spanish Banks Are Looking to Buy in the UK

By Website Introductions at 07/30/08 12:23

Despite the economic turmoil created by the housing crisis, Spanish banks are looking to buy mortgage institutions in Great Britain. Their diversification into Latin America have assisted in their movement into other markets. Spanish banks have also held larger than normal reserves in the event foreclosures threaten revenue.

News: Property: the Spanish are coming - Property, House & Home - The Independent

Lots of unfinished properties

Before you go out and purchase properties that are not yet built in Costa del Sol, you should read this first.

Some of Spain's largest construction companies has filed for bankruptcy, following the bubble burst after a decade-long construction boom? So what happened? A lot of British investors, who have already bought properties in Costa del Sol might end up with nothing. Now they are seeking legal advice and are intending to file lawsuit against the construction companies.

News: Britons caught in Costa del Sol housing collapse launch legal battle - Telegraph