Home loans in Spain saw a dip in July
Whilst it is normal for July to be below June this is another consecutive month of decreases.
High interest rates are hitting the resident and non resident mortgage market in Spain.
Spanish Banks reduce average margins
Banks are negotiating on rates. Dropping average margins above Euribor to 1.5%. From 2%. Alos retaining reasonable rates on long term fixes.
Mixed rate product types in Spain
A couple of lenders are also offering mixed rate product types. Shorter term fixes for 3 to 5 years. Followed by variable. Giving borrowers in Spain opportunity to stabilises monthly payments today. Retaining opportunity to take advantage of rate drops in the next few years.
Spanish Banks saw another month with a net outflow of capital lent
Read the full article:- Spanish loan levels drop July 2023
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