Spain Property Guides
British investors “owed billions”

British investors “owed billions”

The Spanish property industry won’t want reminding of past problems, but a Supreme Court ruling and big cash repayments could boost the property market just as investors are seeing new value in Spain  
EU tells Spain to ban mortgages with “abusive” contracts

EU tells Spain to ban mortgages with “abusive” contracts

The EU is threatening Spain with action unless it improves protection for the public when taking out a mortgage with a Spanish bank. In a formal notice sent out last week, the European Commission said it “is requesting Spain to bring its national laws on civil procedure regulating mortgage enforcement and payment orders in line with EU consumer law… to ensure that consumers are fully protected against unfair contract terms.” The Commission says that Spain has two months to reply to the notice.

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