At its last meeting in February, the ECB decided to raise interest rates again, and it will be the fifth in less than a year. In twelve months, the reference index for mortgages has gone from being negative to reaching 3%. And a rise in the Euribor in 2023 is not ruled out, along with more measures aimed at returning inflation to around 2%.
In fact, forecasts point to a new rise in the Euribor in 2023, reaching rates unknown since 2008. If in January 2022, it stood at -0.477, by the end of 2023, it could touch 4%.
...continue reading "New Rise in The Euribor in 2023: How It Affects the Real Estate Market"
The real estate market has been experiencing an exceptional situation in recent months. After a pandemic whose consequences were well managed, the current economic scenario is complex. Therefore, if you think of buying a property in 2022, we recommend assessing the following aspects so as not to miss opportunities.
...continue reading "5 Things You Should Know If You Want to Buy a Property in 2022"
The real estate market has undergone significant fluctuations in a short time, having a notable impact on the ability of many families to buy a home.
...continue reading "How the Rise in Interest Rates in 2022 Affects the Capacity to Buy a Home"
After the slowdown caused by the pandemic, the market is now facing an uncertain global economic and political situation: inflation unknown for years, an increase in the price of materials and construction costs, a low supply of housing for sale and an increase in rental prices.
With the Euribor in positive for the first time in six years and a foreseeable increase in interest rates, doubts arise among those looking for a house. The big question is whether to advance the purchase or wait until we see the evolution of the markets. We have compiled some answers that specialists offer and that help to decide if buying a house when interest rates rise is viable or not.
...continue reading "Buying a Home When Interest Rates Rise: Advice From the Experts"
The economic situation points to a rise in interest rates. Europe has largely recovered the GDP lost due to the pandemic; however, inflation has skyrocketed. In February, the CPI -Consumer Price Index- in Spain experienced an upward variation concerning the previous twelve months of more than 7%, a figure that wasn't that high for decades.
For its part, the US Federal Reserve already predicted a rise in interest rates at the beginning of the year, and the president of the ECB recently left the door open to it. The international outlook added to the rise in electricity, gas and fuel pricing could be the final push that leads to the decision.
...continue reading "Is an EU Interest Rate Hike on the Horizon?"