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Bank Repossessions Costa del Sol
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Blackstone acquires €300M worth of Spanish property from BBVA

Blackstone acquires €300M worth of Spanish property from BBVA

BBVA recently announced the sale of their largest real estate portfolio in history: Project Buffalo. The entire portfolio was acquired by Blackstone and includes 3,500 assets that consist primarily of completed residential homes, storerooms, garages and retail premises worth a total of approximately €300m.The properties included in the package have been foreclosed and were being held on the bank’s balance sheet. They are located mainly ... [Read More]

SUR hosts a forum in London presenting Malaga as a city for investment

SUR hosts a forum in London presenting Malaga as a city for investment

Last week, a number of representatives of London-based companies such as Lloyds, Royal Scotland and Sequel attended a forum that aimed to present Malaga as a city with various commercial opportunities. Hosted by SUR, the mayor of Malaga spoke about the Malagueñan city as a place in which to do business, a city which is attractive to live in and for work, and to collaborate in an economy with sustainable growth.The quality of life and ... [Read More]

Tinsa report a continued recovery for the Spanish property market in 2017

Tinsa report a continued recovery for the Spanish property market in 2017

A recent Tinsa report shows continuing Spanish property price recovery, an upward trend that has been slow but steady over the last 12 months.Published on Tuesday by the leading real estate valuation firm, Tinsa illustrated that in January 2017, the average market price per square metre of residential property was 0.9% higher than twelve months previously, having reached 1,361 euros.The figure marks the eleventh time in the last 12 months ... [Read More]

Mortgage lending in Spain rises by 10 percent in September

Mortgage lending in Spain rises by 10 percent in September

Mortgage activity in Spain rose by 10 per cent in September, according to the country's central statistics unit. Mortgage for residential property in Spain appears to have achieved a level of stability and gradual month by month growth in all 17 regions.In September, the number of mortgages registered on residential properties was 26,667, an increase of 10% over the same period last year. The average loan capital also rose by 2.2%, rising to ... [Read More]

Spanish property sales figures show 13.2 per cent increase in September 2016

Spanish property sales figures show 13.2 per cent increase in September 2016

The latest residential property sales figures published by Spain's central statistics unit show that the number of transactions registered in September 2016 was 13.2% higher than last year. Reaching a total of 31,931 transactions, the figure maintains a recovery which began two and a half years ago as demand in Spanish property returned to the market following the significant slump which began in late 2007.The running 12-monthly sales total ... [Read More]

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