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Real estate Barcelona Blog

Opposition to the PSOE has called for the Spanish Nationalized Banks to help! Achtung, öffnet in einem neuen Fenster. PDFDrucken

Barcelona real estate Blog

Mittwoch, den 04. Juli 2012 um 12:00 Uhr

There are no translations available.

Banks help in SpainWith the PSOE studying the measures in place to see if something can be done to halt evictions, the Socialists has called for nationalized banks to draw on their pool of repossessed/unsold properties to help with crisis hit communities.
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The Socialists has made a non-legislative proposal to congress in whereby they have made calls for the use of real estate assets of the audited entities to form a public rental fleet. They have also requested that all banks that received public subsidies should accept payments in kind, during the time in which the PSOE studies initiatives to stop evictions.
   

Call for Change: Withdraw the new “rental” law laid down by the Government Achtung, öffnet in einem neuen Fenster. PDFDrucken

Barcelona real estate Blog

Freitag, den 25. Mai 2012 um 09:12 Uhr

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Call for Change: Withdraw the new “rental” law.Calls have echoed from Barcelona asking for the Government to withdraw the “Draft Law on Measures for Promoting flexibility in the Rental Housing Market” because it will have a negative effect on tenants. The people feel, and voiced by Mr. Caritas that the new legislation has the sole purpose of "cleaning up real estate accounting" and this is why the government is promoting it.
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On the opposite side of the table, Ana Pastor, Minister of State responsible for Development and Housing, believes that the new legislation in fact favours the tenants. However, the Minister has been met by stiff opposition.
   

Catalonia forces Banks to Provide more Information on Mortgages Achtung, öffnet in einem neuen Fenster. PDFDrucken

Barcelona real estate Blog

Montag, den 21. Mai 2012 um 11:02 Uhr

There are no translations available.

Modification to the law of the Consumer Code of CataloniaTaking out a mortgage and the best of times can be a daunting and confusing process especially with the amount of small print and paperwork that is involved. The Catalan Government have responded by preparing a modification to the law of the Consumer Code of Catalonia, which will force financial institutions to facilitate a comprehensive and comprehensible report with conditions and characteristics of the loan, before signing.

Even though the bill has not been passed by the Consell Executiu yet, it is a step in the right direction in creating a transparent line between the lender and client and hopefully this new measure will stem the increase in home foreclosures that Spain has experienced since the crisis began.
   

Overnight Stays in Spanish Hotels down 3.5% in March Achtung, öffnet in einem neuen Fenster. PDFDrucken

Barcelona real estate Blog

Mittwoch, den 09. Mai 2012 um 14:27 Uhr

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spanish-tourismmm The National Statistics Institute released its monthly results this week, and in March  of this year, the Spanish hotel industry recorded 17.4 million overnight stays, which is a  decrease of 3.5% compared to that of last year, plus on average the nightly rate was  reduced by 0.3% to help combat the difference.

 Further indications were also seen in the Spanish hotel occupancy rate, which was  44.6% in March, a decrease of 3.8% over the same month last year and this trend  continued over the weekend occupancy which declined by 7.7% from the same period  the year before to 49.3%.
   

Mortgages decline 47% year on year since the crisis began Achtung, öffnet in einem neuen Fenster. PDFDrucken

Barcelona real estate Blog

Donnerstag, den 03. Mai 2012 um 10:51 Uhr

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Mortgages decline 47% year on year.This might not come as a shock to most of us, but recent reports have emerged from the National Statistics Institute (INE) explaining that in February of this year, there were 26,415 new mortgages on homes granted, which was 4% less than last month and 47.1% less than the same month last year.
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These statistics are based on registered mortgages, which only become accessible 2 to 3 months after the property purchase has been complete and signed. What this information tells us, is that after 22 consecutive months of decline; the impact of the crisis is far stronger then when it first started.
   

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