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Overseas Property News
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Spain announces £85bn bank bail-out
Country: Spain
29 June 2009 The Spanish government has announced details of a rescue fund of up £85bn to help the country’s banks cope with a string of bad loans, including poor mortgages used to buy property in Spain, as well as help reform its banking system. But executing the plan will be difficult. Spanish banks have so far coped relatively well in light of the global financial crisis, with only one small savings bank, Caja Castilla La Mancha, having run into grave difficulties. But experts project that the worst is yet to come, which is why the government has acted.
Unemployment currently stands at 18% and is rising, which will further dampen demand for property in Spain. Most banks have already swapped poor debt for properties in Spain from struggling developers, which has improved the non-performing loans ratio, but may cause problems moving forward.
See Also: Marc Da-Silva, Spain
Some properties in Spain
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Price: €72,543
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Type: Apartment
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Bedrooms: 2
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UNIQUE OFFER. Upper floor, two bed one bath maisonette with 54 metres solarium, in Condado de Alhama, Murcia.
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View details | Enquire further
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Price: €75,000
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Type: Bungalow
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Bedrooms: 1
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South-facing, furnished, upper floor, large (50m²) 1 bedroom maisonette with spectacular views over the pool and gardens, in excellent condition and in a very beautiful complex.
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View details | Enquire further
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![RLE103, Turquia, Spain]()
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Price: €76,740
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Type: House/Apartment
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Bedrooms: 1
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Crisp clean lines are the inspiration behind this project with each property meticulously designed by leading architects Eren Talu, renowned for the superb Hillside Su Hotel in Antalya.
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View details | Enquire further
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Price: €79,000
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Type: Apartment
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Bedrooms: 2
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Very attractive, furnished, 2 bedroom, second-floor apartment with a sunny, south-facing terrace with a seaview.
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View details | Enquire further
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Price: €79,000
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Type: Apartment
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Bedrooms: 1
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Quite recently-built, fully furnished and equipped, east-facing, 1 bedroom, third floor, apartment with beautiful pool and gardens, and storage-room. A delightful, quiet location with panoramic views over the surrounding area and to the sea.
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View details | Enquire further
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Price: €79,710
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Type: Apartment
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Bedrooms: 2
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UNIQUE OFFER. Ground floor, three bed one bath maisonette with 44 m² of terrace and garden, in Condado de Alhama, Murcia.
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![RLE102, Turquia, Spain]()
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Price: €80,658
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Type: House/Apartment
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Bedrooms: 1
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Turkeys first residential golf resort. An 18 hole golf course just outside the popular holiday town of Kusadasi with stunning sea and mountain views.
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View details | Enquire further
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Price: €82,000
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Type: Bungalow
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Bedrooms: 1
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Extremely well maintained and very nicely furnished upper floor maisonette in a very attractive and popular development close to Mil Palmeras, with fantastic sandy beaches and all amenities close-by.
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View details | Enquire further
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Price: €90,000
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Type: Apartment
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Bedrooms: 2
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SPECIAL OFFER AT A BARGAIN PRICE!!
SPACIOUS, UNFURNISHED, LUXURY 2 BEDROOM, 2 BATHROOM APARTMENT ON THE REAL CLUB DE GOLF CAMPOAMOR.
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View details | Enquire further
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Price: €95,000
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Type: Bungalow
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Bedrooms: 1
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Extremely well maintained and nicely furnished 1 bedroom (+ attic room) upper floor maisonette in a very attractive and popular development close to Mil Palmeras, with fine sandy beaches and all amenities close-by.
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View details | Enquire further
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