Spanish mortgages ‘easiest around’

October 26th, 2007
Category: Financial


Spain has been hailed as a great property location thanks to its accessible and easy processes for buying a house.

Real estate specialist Propertyshowrooms.com said that buying in Iberia was very easy – and allowed access to a country with the most modern and comfortable of amenities.

Nicky Segal of Propertyshowrooms.com, said: “Spain is still fantastic for accessibility. Interest rates are probably the lowest around and mortgages are very easy to obtain, so finance is not a problem.

“On some developments you can sometimes get 100 per cent finance,” she added, highlighting that all of these advantages were within a stone’s throw, with the country “very easy to get to”.

Halifax recently claimed that Spanish property prices had increased by as much as 100 per cent over the last five years – making it the fastest grower in Europe – with the facility of mortgage procedures bringing in more and more overseas buyers.

Ms Segal highlighted the attractions of the lifestyle for those who took out mortgages and set up a new life in the country: “Spain is a great area, there’s nothing that you can’t get, there’s loads of facilities, loads of amenities – it’s great for old and young alike.”ADNFCR-1239-ID-18331719-ADNFCR

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