Spain Real Estate News
Lower interest rates are good news for the real estate market. It has been the sixth time the mortgage rate has been lowered in the last nine months, five consecutive. Rates have thus reached 2.5%, their lowest rate in more than two years. Supporting this, although more moderate, is the Euribor, which in March stood at around 2.43%, 1.28% lower than the same month last year.
...continue reading "Lower Interest Rates: Positive Impact on the Mortgage Market"
Buying VPO (social housing) has some peculiarities beyond the price. This type of property has a different tax regime and mortgage conditions. All this implies greater facilities for acquisition, although it'll be necessary to meet certain requirements.
...continue reading "VPO Housing: Taxes, Mortgages and Necessary Savings"
The new ECB rate cut, the fourth in 2024, is good news for the real estate market. With the reduction in interest rates by 25 basis points, the price of money is 3%. However, along with this decision by the European Central Bank came another news that was not so positive: the reduction in economic growth expectations for the Eurozone.
...continue reading "New ECB Rate Cut: How Does it Affect the Real Estate Market?"
It was an expected step, although perhaps not as soon since the European Central Bank had already decided to cut interest rates in September, the third time this year. With this new reduction in the price of money by 25 basis points, the official rate stands at 3.25%, at the levels of May 2023.
This interest rate cut accompanies the evolution of the Euribor. In effect, the reference index for mortgages seems to be consolidating its downward trend. It is good news for those who must review their mortgages in the coming weeks or buy a home.
...continue reading "Interest Rate Cuts: How the ECB’s Policy Will Impact The Housing Market"
Access to housing is one of the biggest concerns for the youngest groups in the population. High prices, job instability and difficulties saving enough to meet the initial expenses derived from the purchase are obstacles that sometimes seem impossible. Help, in these cases, comes from youth mortgages.
...continue reading "Youth Mortgages: What They Are and What Advantages They Offer"
The return from the summer holiday has brought good news for those who pay a mortgage or are applying for one to buy a home. At its latest meeting, the European Central Bank approved a new interest rate cut, the second this year.
...continue reading "Further Interest Rate Cuts in September 2024"
When buying a second home, either for vacation purposes or as an investment, it may be necessary to apply for a mortgage, even if you already have one on your habitual residence. Banks grant them, although the truth is that the requirements for a second mortgage vary slightly. It is worth taking this into account.
...continue reading "Requirements for a Second Mortgage: What You Must Meet to Buy Another Home"
Last February, the Government approved a line of ICO guarantees for housing worth 2.5 billion euros. The goal is to facilitate access to housing for people who have difficulties in doing so. In this way, the guarantees will cover 20% of the value of the properties for which banks do not offer financing. Three months later, the initiative is already beginning to materialize.
...continue reading "News in ICO Guarantees For Housing: Limits on The Purchase Price and Participating Entities"
Access to housing is one of the biggest concerns of the moment, especially for the youngest, who see the moment of emancipation delayed or have to venture into a rental market with high prices. In this scenario, the ICO guarantee for mortgages aspires to help thousands of people achieve the dream of buying their first home.
...continue reading "ICO Guarantee for Mortgages: Who Can Access It and What Conditions Are Required"
Purchasing a home involves a high outlay of money and, generally, the need to apply for a mortgage loan. The offer of financial products is broad, but there are also differences between them. Therefore, before taking out a mortgage, it is advisable to analyse each of its clauses.
...continue reading "What to Look Out for When Taking Out a Mortgage: Keys to Getting the Best Deal"