Mortgage payments are growing in Spain followed Euribor rates

The weighted average interest rate on interbank loans in euro Euribor increased over the month by about 10% and for the year - almost 40%, and therefore significantly increased and mortgage payments for housing in Spain, reported the online edition of the Spanish Property Insight. Customers who apply for a mortgage prior to the typical conditions (EUR 150 000, 25 years old, the Euribor rate + 0.25), now pay about 400 euros more per year than a year earlier. This can undermine budgets are not very wealthy Spaniards, according to the publication. The volume of housing loans in Spain has been declining for four consecutive years: 32% in 2008 to 22% - in 2009, 4.7% - in 2010. The average rate on mortgage loans of Spanish banks in 2010 was 3.87%, significantly lower than 4.59% in 2009. Based on materials Spanish Property Insight .