Madrid property

Spain approves bank reforms to clean up real estate mess, revive banks and ... - Washington Post

CNN

Spain approves bank reforms to clean up real estate mess, revive banks and ... Washington Post MADRID — Spain's new conservative government on Friday imposed sweeping new rules it hopes will flush out bad property loans and foreclosed property from the financial system, restore confidence in banks and set the ailing economy back on track toward ... Spain clears bank reforms to revive ailing economyBoston.com Spain Orders Banks to Set Aside More Money for Problem Property AssetsNew York Times Spain Gives Banks That Merge Two Years to Clean Up Real EstateBusinessWeek CBS News -San Francisco Chronicle all 203 news articles »

BBVA net profit hit by Spanish property, US writedowns - Reuters

AFP

BBVA net profit hit by Spanish property, US writedowns Reuters By Elisabeth O'Leary | MADRID (Reuters) - Net profit at BBVA (BBVA.MC), Spain's second-biggest bank, fell 35 percent to 3 billion euros ($4 billion) last year, hit by provisions for bad property loans at home and a previously announced one-off charge ... BBVA takes €1.5bn writedown on US businessFinancial Times all 109 news articles »

Spain's Popular profit slumps on property provisions - Reuters

Bloomberg

Spain's Popular profit slumps on property provisions Reuters * Net profit down 18.7 pct in 2011 vs 2010 * Provisions of 1.69 bln euros on bad property loans (Adds details) MADRID Feb 1 (Reuters) - Banco Popular said profit fell by almost one fifth in 2011 as the Spanish bank made 1.7 billion euros ($2.2 billion) ... Santander to Complete Real Estate Cleanup in 2012, Botin SaysBloomberg Santander May Say Profit Fell on Cleanup of Real Estate, SpainBusinessWeek Santander feels pain of real estate hangoverReuters UK San Francisco Chronicle -Washington Post -Wall Street Journal all 214 news articles »

Spain Could Yet Regret Its Incomplete Banking Solution - Wall Street Journal (blog)

Wall Street Journal (blog)

Spain Could Yet Regret Its Incomplete Banking Solution Wall Street Journal (blog) But the package outlined late Thursday, which requires the banks to make an estimated €50 billion ($65.7 billion) in new provisions against their real-estate exposures, might not draw a line under the saga. Madrid chose the right path.

Commission considers plans for Henry St. property - Porterville Recorder

Commission considers plans for Henry St. property Porterville Recorder By DENISE MADRID This was one Porterville resident's plea Wednesday night in response to Parks and Leisure Services Commission Chairman Case Lok's plans to develop city-owned property located at 604 N. Henry St. The property sits on almost four acres ...

Spain tells banks to cover toxic assets or merge - Seattle Post Intelligencer

Spain tells banks to cover toxic assets or merge Seattle Post Intelligencer Spain plans to enact a bank sector reform plan that will force lenders to set aside euro 50 billion ($65.5 billion) in provisions to cover their exposure to toxic real estate loans and assets. Photo: Paul White / AP MADRID (AP) — Spanish banks must ...

Euro Breakup Fears Sink Big Barcelona Property Deal - Wall Street Journal

Euro Breakup Fears Sink Big Barcelona Property Deal Wall Street Journal By Pablo Dominguez and Christopher Bjork Of DOW JONES NEWSWIRES MADRID (Dow Jones)--The collapse of a EUR500 million Spanish property deal between Catalonia's regional government and foreign money managers was partly due to disagreements over terms ... and more »

Top 10 Tips for Buying an Apartment in Madrid | Moving2Madrid
Overall though, real estate market trends for 2012 reveal that average home prices in Madrid will fall another 20 percent, at least between 2012 and 2014, after having already dropped by an average of 20 percent since ...

5 Tips for expats buying a property in Madrid | Guiri Guide to Madrid
3) Real estate agents in Madrid usually charge commission to the seller: 6 percent is the average. This is different to other parts of Spain. However, some agencies, such as Red Pisos, charge 3 percent to each party, the seller and the buyer.

Featured Property: Madrid

Spain Orders Banks to Set Aside More Money for Problem Property Assets
The new rules, to be adopted by decree Friday, will require Spanish banks to set aside funds equivalent to 80 percent of their real estate debts to help shore up the troubled sector.

Spain approves bank reforms to clean up real estate mess, revive banks and sick economy
MADRID - Spain's new conservative government on Friday imposed sweeping new rules it hopes will flush out bad property loans and foreclosed property from the financial system, restore confidence in banks and set the ailing economy back on track toward recovery.

Spain makes banks address 50 billion euro property hole
MADRID (Reuters) - Spain is forcing its banks to recognise and deal with an additional 50 billion euros (41 billion pounds) in losses on assets left over from the country's property crash, renewing efforts ...

Spain Coaxes Banks to Merge as Extra Year Given to Purge Property Losses
Spain’s new government gave banks an extra year to recognize losses if they agree to merge, as it tries to overhaul the financial industry crippled by the collapse of the nation’s property boom four years ago.

Spain reforms banks to revive economy
MADRID — Spain's new conservative government on Friday imposed sweeping new rules it hopes will flush out bad property loans and foreclosed property from the financial system, restore confidence in banks and set the ailing economy back on track toward recovery.

Spain clears bank reforms to revive ailing economy
ALAN CLENDENNING Associated Press MADRID Spain's new conservative government on Friday imposed sweeping new rules it hopes will flush out bad property loans and foreclosed property from the financial system, restore confidence in banks and set the ailing economy back on track toward recovery. The regulations approved by the Cabinet require banks to set aside an estimated €50 billion ($65 billion ...

Spain tries again to clean up troubled banks
MADRID (Reuters) - Spain's government will force its banks to recognize some 50 billion euros (41.3 billion pounds) in losses on bad loans to builders in a fresh financial sector reform on Friday, but ...