Jump to content
House Price Crash Forum
Sign in to follow this  
tyres

Spain Is Forcing Banks To Pay Fines For Empty Homes

Recommended Posts

Spain Is Forcing Banks To Pay Fines For Empty Homes

Barcelona’s new mayor has kept her promise to go after the banks who started the crisis, and other cities are doing the same.

In a decision which should cause many a bankster to quake in their boots, the Spanish city of Barcelona has handed down a fine which totals 60,000 euros ($67,640) to three Spanish banks in an effort to force them to make use of empty properties. One hundred other towns and cities, including the capital Madrid, have implemented similar penalties in recent months.

Over one third of all the vacant homes in Europe are located in Spain. The financial crisis hit the country hard: over 3.4 million houses are empty and rising unemployment has seen a sharp increase in mortgage defaults, with 95 homes a day seized by authorities in 2014.

more here...

Share this post


Link to post
Share on other sites

It's a start......anyway homes require to be lived in otherwise they deteriorate rapidly, maybe responsible people should be paid to house sit......giving the building ventilation and warmth.

Share this post


Link to post
Share on other sites

Love the Spanish authorities, dishing out fines,demolishing "illegal" houses,making villa owners pay £20k to have a road built next to them, who in their right mind buys in Spain, great British tradition of getting an ar$s raping buying a property there,never buy in Spain rent,the "stress free cheaper option" unless you love trouble or are ESN

Share this post


Link to post
Share on other sites

Colau has long signalled that the right to housing is one of her mayoral priorities. In June, on her first day in office,Colau travelled to the district of Nou Barris to intervene in a planned eviction, and dispatched a city councillor to check in on other families at risk of being evicted that day. “We’re working to find a more stable solution,” she said at the time.

Colau said the city had also increased subsidies for those who fall behind on their rent payments and taken measures to move forward with a promise to add 8,000 properties to the city’s stock of public housing.

So they want people to borrow too much and then when they cannot afford the mortgage they keep the house? If they rent the governbankment pays the rent for landlords?

Share this post


Link to post
Share on other sites

60,000 euros! the average banker probably snorts more than that in his first line of coke before breakfast.

Great quote! :lol:

[Les Dawson]

...60,000 Euros! The average banker probably *blank* ...

[/Les Dawson]

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   101 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.