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Press Releases from Tenerife Property Investment (1 total)

Foreclosed Homes May Flood Spanish Market as Banks Offload Unwanted Assets (Sour …

7th December 2011 – Tenerife Foreclosed Homes May Flood Spanish Market as Banks Offload Unwanted Assets (Source –Bloomberg.net) Following on from the recent economic crisis in Spain, there has been a sharp rise in the amount of mortgage defaulters which, in turn, has led to an increase in the amount of repossession properties in the marketplace. Whilst this may sound like bad news for those who have financial problems, it is

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