Study Group: Residential Mortgages Professionals (EU)(?)
Council Members in this Study Group: 30
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Related Study Groups
| Study Group Name | Members |
|---|---|
| Mortgage Professionals (EU) | 92 |
| Mortgage Professionals (UK) | 46 |
| Financial Services Professionals (Russia) | 62 |
| Correspondent Mortgage Lending Experts | 149 |
| Sub-Prime Lending Experts | 535 |
| Mortgage Servicing Experts | 167 |
GLG NewsSMAnalyses by this Study Group's Leading Experts(?)
Reporst like this are factual no doubt, however this cycle of price falls and lending falls by banks will continue in my opinion until confidence returns.
The world wide credit crunch is being felt in Spain. Owners can't afford their mortgages and are moving back to thier home countries but HAVE to sell. Bargains are to be had, you just have to find them!!
Spanish property in some areas has increased by 20% or more per year but not any more. Shrewd investors are taking stock and purchasing cheap Spanish property with a view to a future gain. Developers and promoters are offering massive discounts and offers to buyers to sell properties they may end up...
1) 800,000 properties are being built for 600,000 ‘estimated’ buyers. 2) The increase in the ECB interest rate together with the Spanish Euribor have curtailed the ‘cheap to buy in Spain’ syndrome.
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