New EU rules threaten Spanish property market.

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17 Apr 2015 12:34 by Mickyfinn Star rating. 1334 posts Send private message

New EU rules know as the Mortgage Credit Directive are going to make it very difficult for foreigners in future to buy property in Europe with a mortgage in Euros if their income is in Sterling. If applied in it's proposed form it will kill the second home market everywhere in Europe stone dead.

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/11542721/New-EU-rules-threaten-overseas-holiday-homes.html





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17 Apr 2015 18:43 by camposol Star rating in Camposol. 1422 posts Send private message

Surely it would not be allowed in its present form

Spain is trying to boost its economy, not kill it





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