Real Estate News Batch #2

November 29, 2010 at 10:39 am Leave a comment

  • Real estate news Kinos GroupThe president of G-14, which brings together the most important real estate companies in Spain, thinks that more detailed information about the real estate market is desirable. The most important sources of information about the real estate market are notary registries and appraisal companies. Details here.
  • The Euribor rate will again urge the mortgage in November, by rebounding to 1.54%. Find more info here.
  • The Bank of Spain demands transparency on the banks’ real estate holdings. The banks and savings banks should provide standardized information to the market on the portfolio of developments and construction and residential mortgage portfolio.
  • Spain’s leader vows deficit reduction amid crisis. Zapatero insists his administration will forge ahead with austerity measures and force troubled banks and regional governments to reveal information about savings and restructuring efforts. This statement comes as a response to heavy market pressure that has put Spain in the spotlight as the country that could plunge the 16-nation euro zone into meltdown if it were to end up needing a bailout like those provided to Ireland and Greece.
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