Spanish banks

Bank real estate agencies specialise in marketing properties acquired by the banks, most of which come from foreclosures.Each major financial institution operates one or more real estate portals to sell these properties at competitive prices, often with preferential financing options.

Whether you're moving to Spain permanently, buying property, or spending extended periods there, having a local bank account is essential for day-to-day life.

From 1 January 2026, a major change will come into effect in the way Spanish tax authorities (Hacienda) monitor electronic payments, including Bizum, bank transfers, and card transactions.

Every time we make a bank transfer, an alphanumeric code appears – one we might overlook but which is crucial to ensuring the money reaches its intended destination without error: the IBAN (International Bank Account Number).Since its introduction, the IBAN has become an essential tool for direct de

Buying a bank-owned property can be an excellent option for those seeking an affordable home, flexible mortgage terms or a solid investment. These properties offer several advantages if you know where and how to look.

Banks are set to begin offering instant money transfers at the same cost as standard ones starting next month, following the government’s schedule for implementing this European Union (EU) initiative.From 9 January 2025, credit institutions will be required to provide instant transfers within the si

If you want to buy a place in the sun but the price is putting you off, Spanish repossessions direct from banks can be a great way to get a bargain.

The US rating agency S&P joins the host of international forecasts on what will happen to interest rates and inflation in the eurozone this year. According to its calculations, the price increase in the common currency region will not return to 2% before 2025, while the ECB will cut rates from

Bank repossessed houses for sale in Spain typically mean that the bank who financed a property has taken the property back into its possession, usually when the owner fails to pay their mortgage over a certain period of time.   Cheap property for sale in Benidorm Cheap property and bank r

The CEO of Bankinter, María Dolores Dancausa, has stated that she is against market intervention in general, "whether real estate or any other type", as, in her opinion, "it produces distortions", such as the measure to limit the price of rent included in Spain's Housing Law. For Dancausa, int

Navigating banks in Spain can be challenging, especially when it comes to opening and closing accounts.

One way to buy cheap property in Spain is by searching for repossessed property. You will be able to find a wide range of Spanish bank repossessions for sale on idealista, and there are some specific agencies dedicated to selling this type of property.

Second hand homes are usually cheaper than new ones, but in this special we have selected new build flats from banks starting at 40,000 euros. The advantage of buying a new house is that it does not need refurbished and you can move in straight away.

For many young people, the dream of home ownership can seem far out of reach, or something that is a long way off in their future.

If you have a mortgage and wish to modify the initial conditions with which the loan was signed there are two options you should be aware of: subrogation and novation. They both have similarities to each other, but when it comes to modifying your mortgage it is vital to be aware of the importan

Spanish bank repossessions are becoming a popular option for buyers to get a bargain property in Spain this summer.

Experts have been saying for years that negative interest rates will be around for a while. And, according to Gonzalo Cortázar, CEO of Caixabank, this scenario could continue throughout the decade.

The president of the Santander bank in Spain, Ana Botín, has announced that the bank is leading a project, together with the construction sector and the ICO ("Instituto de Crédito Oficial", a public bank attached to the Ministry of Economy and Business), to promote access to housing for young people

On buying off-plan property in Spain, it is normal to make a 30 to 40% down payment in instalments and the balance is paid at completion, before the notary. Regarding down payments, they are structured as regular stage payments made to your developer.

For people who have a second home in Spain, it’s often necessary to send money there to pay bills, taxes and other living expenses that come with being an expat, but you don’t want the banks and money transfer companies to take advantage of you with inflated exchange rates and fees.

Due to the importance of the changes enacted last June on taking out a mortgage in Spain, we will briefly collate in bullet points all that’s new. The majority of these changes are pro-consumer, greatly benefitting borrowers in Spain. All changes effective as of Monday 17th June 2019. 1.

The Santander bank in Spain wants to attract more expat customers with a new plan that offers all kinds of products and services, from a specialist bank account to a non-resident mortgage, and even pet care. Named the 'Smith Plan', it is aimed at ex-pats who already have a home in Spain and al

Brexit drags on and keeps hogging all the headlines almost three years after the referendum. For months, the date 29th March 2019 was marked in red on everyone’s calendar, but now there’s going to be a new Brexit deadline.

Normally, when an individual or company requests a loan from a relative or a mortgage from a financial institution, it is not repaid on time or at least until it is claimed.

When it comes to making an investment as life changing as the purchase of a house, having home insurance seems indispensable.