Newsletter: Record month for mortgage enquiries, visit to Barcelona and Special Purpose Vehicle
Record month for mortgage enquiries
Welcome to our latest mortgage news. Last month we saw our highest monthly number of mortgage enquiries since the company was founded 15 years ago. This is evidence of a very strong demand for house purchases here in Spain. With the recent UK government announcement allowing foreign travel for certain activities including buying, selling or renting a residential property, we expect to see a surge in demand for property purchases.
Mortgage Direct are in Barcelona!
Our mortgage adviser, Stuart Payne shares insights and experiences of the Barcelona mortgage and property market ahead of Mortgage Direct’s visit next week. I remember a morning in May last year – day 53 of the first lockdown – cycling through the streets of Barcelona past the Arc de Triomf when the few of us that were out only had until 10am before we all had to be back inside again.
Special Purpose Vehicle (SPV)
Many of our clients choose to set up Special Purpose Vehicle (SPV) companies to purchase their properties in Spain.