Property & Email Marketing: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Find Property in :

E.g. "Marbella" or "Manchester". Looking for more search options?


Commercial buyers 'struggle to get funding' for Spanish real estate

Date : (News Section: Spain)

Commercial buyers 'struggle to get funding' for Spanish real estate
It is difficult for investors in commercial real estate to obtain funding from Spanish banks for a purchase.

This is the assertion of Michael Haddock, a director at CBRE, who told Reuters issues over the capitalisation of the nation's financial institutions have "made it even harder to get debt as a buyer of real estate in Spain".

He added that, because Spanish banks are concentrating on minimising their exposure to residential property assets, "they tend not to be dealing with offloading commercial real estate".

On Wednesday (July 18th), the Bank of Spain announced the country's financial institutions had almost €156 billion (£122.35 billion) of bad loans on their balance sheets in May.

This accounted for 8.95 per cent of total lending by the banks, the highest ratio it has been since 1994.

According to the country's central bank, both lending and deposits declined in May on an annual and monthly basis. The former dropped by 3.82 per cent year-on-year and by 0.59 per cent compared to April, Bloomberg reported.

Article by +Steve Binge on behalf of

Related Articles

  1. UK Investor Appetite for Overseas Property Still Riding High
  2. The Rise and Fall and Rise of Property in Fuengirola
  3. 10 Things You Never Knew About Spain
  4. The Balearics: One of the Most Desirable Property Hotspots
  5. 20% of Spanish Property Bought by Foreigners in Q1 2014

Secure Exit Strategy

Let us search for you Let Us find Property in Spain for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Spain.

SubscribeGet Email Updates!


* We value your privacy and will never share your email address with anyone else.

Currencies 4 U
Investment Property
Distressed Property in Puerto Banus Featured Property
Puerto Banus (Malaga)
Apartment/Flat - 2-Bed, 2-Bath
€295,000 - Find out more »
Distressed Property in Estepona Featured Property
Estepona (Malaga)
Apartment/Flat - 3-Bed, 1-Bath
€98,000 - Find out more »
Distressed Property in Coin Featured Property
Coin (Malaga)
House/Villa - 5-Bed, 2-Bath
€269,950 - Find out more »

Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Spain
Channel: All

More RSS FeedsGo

Media/Press SectionProperty News Search


News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo