International Property Investment » Bank repos in Spain http://internationalpropertyinvestment.com Property Investment around the World - Buying Investment Properties Wed, 10 Mar 2010 12:12:40 +0000 en hourly 1 admin admin International Property Investment Blog No No Repossessed Property in Spain reaches epic proportions http://internationalpropertyinvestment.com/repossessed-property-in-spain-reaches-epic-proportions http://internationalpropertyinvestment.com/repossessed-property-in-spain-reaches-epic-proportions#comments Tue, 09 Jun 2009 09:37:33 +0000 Mark Knowles
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http://internationalpropertyinvestment.com/?p=2583 For the last two years, the Spanish banks have been slowly but surely turning themselves in to the biggest property owners in the country. The amount of “debt for equity,” swaps and bank repossessions is almost impossible to calculate. In fact, there is a suggestion that the banks themselves do not know exactly how much property they own. Obviously the intention behind this practice has been to artificially inflate the value of property and prevent a complete collapse.

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