spanishpropertyinsight: The Spanish Government

The Bank of SpainAverage Spanish property prices are overvalued by 24% and the rate of Spanish property price increases need to slow rapidly to avoid a hard landing for the property market, according to José Luis Malo de Molina, director general and head of statistics and research at the Bank of Spain.British banks reduce lending to Spanish developers
British banks are reducing their exposure to Spanish developers, according to an article in the Spanish daily ABC.
British banks, such as the Royal Bank of Scotland, Halifax, and HSBC, are reported to have been some of the biggest lenders to the Spanish real estate sector in recent years, but have now changed strategy and are avoiding the sector.
According to a banking source quoted in the article, the change in policy