With used-home prices rising for 70 consecutive months and nearly 46,000 mortgages signed in June, the Spanish real estate market ends the summer on a strong note.
Let's start with the figure that will hurt the most on your next bank statement: the Euribor. It has begun September at 3.029%, its highest level in three years. And it comes at the same time Spain is signing mortgages at a rate not seen since 2010.
This is no coincidence; it's a snapshot of a market that this summer has moved in two directions simultaneously: more expensive and more active. The data, with names and details, comes from the INE (National Institute of Statistics), Fotocasa, and Spainhouses.net's own records.
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