The company has registered as a real estate credit intermediary with the Bank of Spain in its first franchise pilot.
This figure, new in Spain, has emerged in response to the online mortgage comparison websites. Century 21 Spain began its conversations with the Bank of Spain in 2019 with a view to exporting its experience in the Portuguese market, where this professional figure has existed now for more than a year. The company seeks to adapt its model to the reality in Spain, in accordance with European regulations.
After several months of research using a Spanish pilot agency, the brand, advised by the law firm Pérez Llorca, has now established the precise requirements for each of its real estate franchises to have a team of expert financial credit intermediaries.