Mortgages becoming increasingly expensive at the rhythm of Euribor
La subida del precio del dinero obliga a los bancos a encarecer los préstamos para vivienda. El coste aún es competitivo, pero los expertos aconsejan no demorar la decisión de comprar. Leer
The Spanish mortgage market is experiencing a change in cycle due to rising interest rates in the euro zone and the surge in the euribor rate. This has led to an increase in mortgage prices, which, combined with high housing prices in Spain, is slowing down mortgage activity. In July, the number of new mortgages fell by the largest amount in 25 months, according to the Instituto Nacional de Estadística (INE).
The average mortgage interest rate rose to 3.01% in July, and experts warn that fixed-rate mortgages may become more expensive by the end of the year.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
