The Shame of Spanish Banks!
Having lived and worked in Spain for the last 9 years and experiencing the many up and downs here on the mainland, I feel pressure to write about my disgust at the rigid policies of Spanish banks and their lending processes.
The system of lending in Spain is totally different to that in the UK (of [...]
Fall in Spanish Mortgage Lending
The number of mortgaged homes in January fell 43.5% compared to same month of 2008, to 53,017, while the borrowed capital for these transactions amounted to 6,472.9 million euros, representing a decrease of 51 7%.
According to the National Statistics Institute (INE), the average amount of mortgages on housing, fell for twelfth consecutive [...]
