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Spanish Mortgage rate set to fall
The Euribor, the Central European Bank's base lending rate, is set to close the month of October at 4.65%. This is the first drop after the last 24 months of consecutive increases. The figure of 4.65% is still higher than the rate in October 2006 when the Euribor was at 3.799%. However, it may now have reached its ceiling and is beginning to fall. This rate should be confirmed by the Bank of Spain in mid November.
29.10.07
Against the trend of bad news in the financial markets, the Euribor fell again to 4.381% (22.01.08). This is well below the rate at the end of 2007 where the rate had spiked to 4.79%.28/01/2008
Despite starting the year well with property prices rising in all Spanish regions,2007 has ended in December with prices 0.28% below where they started in January. According to Facilisimo.com, the region of La Rioja has been the worst affected, dropping 11.08% to 2159€/m2 , Madrid and Barcelona haven't avoided the falls dropping 2.38% to 3479€/m2 and 3.05% to 3777€/m2 respectively. 05/01/2008
The Euribor, the Central European Bank's base lending rate, is set to close the month of November at 4.60%.29/11/2007
Situated in the prestigeous Marbella location of Cabopino, these high quality south facing residences boast fantastic sea views. Golf lovers can also choose south west facing homes overlooking Cabopino Golf (Par 71). Standard prices are from 450,000€ - 515,000€. Until the end of November, these marvellous luxury homes can be purchased for 350,000€ - 415,000€. 06/09/2007
The Euribor, the Central European Bank's base lending rate, is set to close the month of October at 4.65%.12/07/2007
Resale property prices have fallen for the third consecutive month in thirteen Spanish regions including the province of Malaga.12/07/2007
The Deutsche Bank have issued a report on the Spanish economy entitled Spain 2020, the success story continues.12/07/2007
Fantastic new property investment just released in the Dominican Republic. This product, previously only available to the Spanish investment market is now available through Garratt Homes.12/07/2007