Imogen CalderwoodWITH Black Friday just behind us and Boxing day sales around the corner, one Spanish lender is extending the bargaining banquet to its property portfolio.
Nationalised lender Bankia has launched a month-long end-of-year sale to reduce its enormous debt by slashing the price of 6,000 homes by up to half price.
Some properties will now be on offer for less than €80,000, but buyers will have to move fast as the sales campaign ends on December 31.
Bankia has already offloaded €800 million worth of unpaid loans to American firms Bain Capital and Starwood Capital in an attempt to balance its books.
Formed in 2010, Bankia was nationalised in 2012 after receiving a €19 billion government bailout, the largest ever in Spain.
Roll up! Roll up! Half-price crap for sale. Don’t miss out on your chance to be yet another victim of Spanish banks.
Bankia get a bailout, the people get evictions.
Why would they have a fire sale? Aren’t we being told on some blogs that Spanish property is falling off the shelves and even some (usually Agents) claiming that prices are rising.
My flat cost now 1% more than it did last year . at least in the basque country , but if you want to delude yourselves into thinking that housing prices are falling off the shelves, well, that is your look-out
by the way any of you can say something in spanish apart from buenos días?
Luismo, I speak Spanish fluently and if I want to use it I go on Spanish fora not an English language newspaper. I suggest you do the same.
LUISMI, it is extraordinary that you wish to converse in the language of a people you so clearly detest. I am somewhat baffled as to why you have attempted to learn English at all.
As to the story, all I can say is “desperate”.
you’re too transparent LUISMI
TO DEAR JANE, My father was an engineer on a US oiltanker in the seventies , that is why i can speak the english language , I have never hold up a conversation with anyone from across the channel, here we dont live on tourism as they do on the costa del crime, do you know this idiom?
jocular the south east coast of spain , as used by several british wrongdoers as a bolt hole to escape brtish justice
greetings
DEREK DEREK , dont let me down , your comments here have been always fair , you once posted here that there are many antispanish messages on this forum, YOU ARE the only one who owns up, and I must give you thanks for that ,
greetings
Anyone else want to be friends with the Franco sympathiser?
Is it anti-Spanish to criticise land grab, corruption and the planning injustices? Is it anti-Spanish to complain about laws to stop the peoples right to protest?
Spain has a few wrongdoers too of course, most of which are in the government of your country.
How comfortable does that make you feel “DEREK DEREK”?
whatever they do at whitehall .is NOT my concern , if they wish to turn big beng into a 3 ring circus , that is their look out, not mine.
if they want to have it painted green , this is not my concern either, do u follow my drift?
Luismi……..do you know what a divvy is?
LUISMI, I get your drift, doing something bad is OK in Spain and if we don’t like it we should not visit or live in Spain?
Reap – you’ve got it in one.
if you dont like it , just do reserve judgement, or keep yourself to yourself, leave them ( spaniards) to their devices and let them do the complaining , that is the best course of action and my personal piece of advice to you Reap
you can always vote at the local elections by right or start a political party as some germans did in Mallorca
LUISMI sums it up. Move to Spain and suffer in silence. Buyer beware.
How about sending all the Spanish workers back to Spain, at the last count it was 90,000 and then the Dutch, Germans, Belgians and Danes do the same. I think the ball park figure is 250,000. Now how much will that cost the Spanish in Social Security payments.
It could be good for Spain in that they will quite rightly blame the Francistas for their problems – viva Zapata, que pasa?
LUISMI, you could be a politician with that advice. Ok, let the corruption carry on and don’t rock the boat, I get it now!