Coronavirus

Everything You Need to Know to Request a Mortgage Moratorium Between 19 March and 3 May

The Banks must proceed with their implementation within a maximum period of 15 days after the request is made. It can only be requested for primary residences.

Zero House Sales since 15 March and 50% Fewer Transactions by Foreigners in 2020

The advance of the coronavirus pandemic is already having an impact on house sales. Since 15 March, hardly any house sales have been recorded, according to the Association of Real Estate Agents (APIs). Colliers forecasts that transactions involving foreigners will fall by 50% in 2020.

Unibail Rodamco Announces Measures to Mitigate the Effect of Coronavirus on its Business

The real estate company, one of the largest owners of shopping centres in the world, acknowledges that the decision to close all non-essential stores will have an impact on its income statement.
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The Government Mobilises €200bn to Combat the ‘Temporary’ Crisis with the Suspension of Mortgage Repayments & the Expansion of Unempl...

"We are going to mobilise up to €200 billion. €117 billion will come entirely from the public coffers and the rest will be financed using private resources. This is going to be the largest mobilisation of resources in the democratic history of Spain," said Prime Minister, Pedro Sánchez, about the budget he announced to combat the crisis, which is equivalent to 20% of the country's GDP.
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