Spain Real Estate News
When temperatures rise, the real estate market reactivates. In fact, we can see it in the statistics. Those responsible are, on the one hand, buyers looking for a second home. On the other, those who want a new home for the start of the school year.
...continue reading "10 Priorities for Homebuyers in Spring"
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 unstoppable rise of Euribor has put many families with variable-interest mortgage loans against the ropes. The reference index has gone from negative to close to 3% in a few months. To avoid the burden this entails for the most vulnerable families, the Government of Spain has approved a package of mortgage aid.
These measures, which will benefit close to a million households according to official forecasts, will come into force at the beginning of 2023. Although these actions were agreed with the banks, it is up to them to adhere to the so-called Code of Good Practice.
The pandemic has marked the evolution of the real estate market without a doubt. And it will continue to do so in the future. There had been a slight adjustment in prices recently, but not as strong as predicted at the beginning of the health crisis. We wonder how they will evolve next year and whether buying a home in 2021 will be the right decision.
...continue reading "Buying a home in 2021: expected evolution of the market"