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
Price: €40,000
Type: Villa
Bedrooms: 1
South-facing, furnished, one bedroom, mid-terrace villa on one floor with nice open terrace, situated off-road with space for parking. Needs repair-work to bring it back to a liveable condition.
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Type: Apartment
Furnished, third floor, resale studio apartment with a glimpse of the sea. Glassed-in terrace, solarium, basement storage, parking off-road.
Price: €42,000
Type: Land
Your chance to own a marina berth in the stunning new Amarilla Golf marina!! A modern development offering a 24 hour petrol station, bars & restaurants.
Price: €45,000
Type: Studio
This large studio apartment is based on the third floor of this popular complex. There is an alcove area with two single beds that you can close to get more privacy! It is for sale fully furnished.
Here´s a fantastic opportunity to get on the first rung of the buy to let ladder with this studio apartment, fully furnished & ready to start earning for you, with everything a holidaymaker could want: 2 communal pools, bar, entertainment, internet
Price: €49,500
Price: €55,000
In the best location this studio looks out over the pool to the ocean from this popular holiday complex. Excellent facilities mean great rental potential with bars, restaurants, supermarket, tennis courts, playground & entertainment.
Price: €56,000
This studio apartment is great value for money & would appeal to anyone who is looking to get on to the property ladder. Great panoramic views and in the popular area of San Eugenio Alto.
Price: €63,000
A 10 meter, fully serviced berth in the new Amarilla Golf marina ? so few of these are privately owned that this is indeed a rare find. Destined to be the largest yacht marina in Tenerife, the centre of sailing & power boating.
Price: €2,900,000
Bedrooms: 7 Bathrooms: 5
Monte Mayor Golf & Country Club. Cesar de Leyva designed. A natural rural beauty. 3655sqm plot. Golf, mountain & seaviews.
Price: €252,350
Bedrooms: 3/4 Bathrooms: 2
Detached new-build with beamed ceilings & private pool. Your choice of kitchen unit doors, tiles & bedroom layout.
Price: €895,000
Bedrooms: 4 Bathrooms: 2
Monda: 20 mins from downtown Marbella. Surrounded by mature, sub-tropical gardens. Guest house & stables.
Price: €998,000
Bedrooms: 5 Bathrooms: 3
Master bedroom (ensuite) with terrace & views of garden, mountains & sea. Walking distance to transport & amenities.
Price: €255,000
Bedrooms: 3 - 1 ensuite
Conveniently situated for golf. Double glazing, fireplace, fitted kitchen, utility room. Quiet location. Good rental potential.
Price: €270,000
Bedrooms: 3
Close to amenities, golf, tennis & schools. Walking distance to shops. Roof terrace, courtyard.
