
What’s the solution for the housing shortage in Spain? Building smaller flats, one top economists suggests.
On the 21 December 2016, the European Court of Justice produced a Judgment, in relation to mortgage loans and the limitations set by the Spanish Supreme Court, regarding the unfair practice of clauses relating to minimum interest rates.
As if it were not a problem enough for summer parking the Market underground car park remain closed, now there are problems with the San Cristóbal one.
On March 14th 2013, the Luxembourg Court of Justice of the European Union ruled against the present Spanish mortgage laws and will force Spain to adapt the present legislation governing evictions and foreclosures to EU directives.
Finland has suggested that Spain and Italy “mortgage” their national heritage buildings, which in the case of Spain, would be the world-famous El Escorial, or El Palacio Real.
Although interest rates are at a historical low at present, the economic crisis, the difficulties in the housing market and the euro’s strength against other currencies are creating serious problems for some families when it comes to making their mortgage repayments.
You know when there is an economical crisis on the prowl when somebody decides to raffle their supermarket for 100 euros a ticket.