And this despite to be awarded the floors even at half price. The Association conducted a study comparing prices of homes that sell banks and building societies and individuals in 11 cities. According to Adicae, the price difference exceeds 10,000 euros, on similar features apartments, located in the same street. They say that banks are still offering conditions characteristic of the housing bubble in their mortgage loans. Crisis or not, the Bank (as in casinos) always win.
The accusing finger this time is that of Adicae. The Association of users of banks, boxes and Seguros of Spain accuses banking be selling their apartments despite 40% more expensive to forgo them even at half price. For even more details, read what PRU says on the issue. Adicae has made a comparison of prices between homes sold by private individuals and those offered by real estate portals of banks and, in 11 cities. The conclusion is that banks continue to sell more expensive embargoed or flooring of your property, with financial conditions of the housing bubble. All this despite the fact that most of their purchase homes, through embargoes, to 50 or 60% of its appraised value. According to Adicae, in the majority of cases the price difference exceeds 10,000 euros, on similar features apartments, located in the same street, or even in the same building. In some cases of banks and housing arrive at cost up to 40% more, or even seek prospective buyers more money for a smaller House.
Apparently accessible conditions the accusation of Adicae does not refer only to the price of the floor, also to the conditions to buy it. Banks and savings banks offer apparently more accessible financial conditions: 100% of the value of pricing and more long-term mortgage loans. But they are wolves with lamb skin because, according to this Association, something more advantageous rates or payment facilities do not compensate for the extra price of their homes. The buyer keeps coming you more profitable trading operation performed with a particular, although the Bank or finance one percentage less over the appraised value and offer a shorter mortgage loan. According to Adicae, nor compensate the bonuses offered by banks, since in many cases they oblige consumers to pay more than expected, by its commissions and other added costs. Anchored in the housing bubble the Association of users of banks, boxes and confident Spain puts some names and surnames to their complaint: Banco Pastor: in its real estate portal INMOseleccion, tries to sell to buyers the absence of clauses soil as a plus in their flats in property mortgages, when it’s a clearly abusive clause that should not be included in any mortgage. La Caixa: recommends customers use index IRPH boxes, much more expensive than the Euribor, to calculate the interest to be paid on your mortgage loan. These are two examples, but Adicae says that these practices are extended by the banking business. In fact, this Association has already reported, by the time, at the 101 banks to include soil abusive clauses in their mortgages. Adicae believes that banks and savings banks are still anchored in a real estate bubble perpetuating their attacks against free competition, before the silent accomplice of the Bank of Spain and the political class, which still refuses to regulate the Spanish mortgage system.