Add listing Log in

The cost of a mortgage in Spain continues to decline

14.09.2009
Homesoverseas.ru editorial office
46
European Interbank Offered Rate the Euribor, used in Spain to calculate mortgage payments sizes, which in July was 1.41% in August, dropped to a record low of 1.334%, according to Spanish Property Insight. To date, Euribor rate decreased by 75% compared with the same period last year, when it amounted to 5,323%, which is very beneficial to the owners of Spanish property taken under the mortgage. Due to the recent fall of the Euribor Spanish property owners can save money on interest payments on the mortgage, an average of about € 316 per month or more than € 3,800 per year. However, there is reason to believe that most banks prefer to increase the level of margin instead consider lowering mortgage rates. As suggested by experts on mortgages, the Euribor, in any case, will not fall lower than 1%.
All news by this country
All news
RSS feed
Discussion
Subscribe to Homesoverseas newsletters with new listings
Enter your e-mail:
166 200 €
2 bedrooms
build area 59 sq. m
pool
sea/ocean view
negotiable price
garage
seller: RENTSALE
110 000 €
1 bedroom
build area 57 sq. m
pool
household appliances
sea/ocean view
negotiable price
seller: RENTSALE
269 500 €
2 bedrooms
build area 75 sq. m
pool
household appliances
mortgages available
air conditioning
seller: RENTSALE
01 of Mar, Saturday 11:00
International Real Estate Exhibition MIPIF – coming soon in Moscow

MIPIF invites you to visit the international real estate exhibition, which will be held on March 1 and 2 in Moscow!

05 of Mar, Wednesday 11:00
International Real Estate Exhibition MIPIF – coming soon in St. Petersburg

MIPIF invites you to visit the international real estate exhibition, which will be held on March 5 and 6 in St. Petersburg!