Skip to content

Forecasts for Euribor 2024 Will Interest Rates Do Down - Forecasts for Euribor 2024: Will Interest Rates Do Down?

The latest meeting of the European Central Bank seems to have marked a turning point. After ten consecutive increases in the money price in just over a year, they have decided to freeze it. Interest rates remain at 4.5%, meaning a break for the economy and, obviously, for the real estate sector.

Now, we still have to see what will happen to the reference index. Although the Euribor 2024 forecasts point to a slight reduction rather than containment.

...continue reading "Forecasts for Euribor 2024: Will Interest Rates Do Down?"

Mortgage Subrogation How It Works When It Is Appropriate and What Mistakes to Avoid - Mortgage Subrogation: How It Works, When It Is Appropriate and What Mistakes to Avoid

Mortgage subrogation involves a modification of the loan obtained for buying a property. It is a common request to improve its conditions when circumstances allow it. Besides, it is also a usual practice when selling a property with charges.

Although mortgage subrogation is a frequent operation, it is advisable to know all its details to decide if it is a good idea or not to request it. Learn more about mortgage subrogation below.

...continue reading "Mortgage Subrogation: How It Works, When It Is Appropriate and What Mistakes to Avoid"

Amortizacion anticipada de hipoteca como reducir la deuda y ahorrar intereses - Early Mortgage Repayment: How to Reduce Debt and Save Interest

After the rise in interest rates to 4.25% and the Euribor at its highest for years, the number of mortgages has decreased in annual rates in Spain, and their average amount too, according to recent data from the INE. But this situation has had another consequence: more and more people are opting for early mortgage repayment to avoid what these increases imply in the monthly instalment of their mortgage loans.

Some analyses ensure that the early repayment of the mortgage has increased by figures close to 50% compared to 2022. However, what savings can it bring?

...continue reading "Early Mortgage Repayment: How to Reduce Debt and Save Interest"

New ECB Interest Rate Hike Impact on Mortgages and Real Estate Market in Spain - New ECB Interest Rate Hike: Impact on Mortgages and Real Estate Market in Spain

The forecasts have come true, the price of money continues to rise, and with the new ECB rate hike, these are now at 4%. And we must add that Euribor has also broken the 4% barrier. A scenario that portends a cooling off in the real estate sector, even more considering that forecasts do not currently point to a rates reduction nor the reference index.

...continue reading "New ECB Interest Rate Hike: Impact on Mortgages and Real Estate Market in Spain"

1

New Rise in The Euribor in 2023 How It Affects the Real Estate Market - New Rise in The Euribor in 2023: How It Affects the Real Estate Market

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"