Estate Agents & Advertisers: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Find Property in :

E.g. "Marbella" or "Manchester". Looking for more search options?

 
Secure Exit Strategy


Mortgage payments expected to rise in Spain

Date : (News Section: Spain)

Share
Mortgage payments expected to rise in Spain

A large number of homeowners in Spain are expected to see their mortgage payments rise, it has been claimed.

According to a summary of the latest Euribor and Spanish mortgages by Spanish Property Insight, the move could place further pressure on the country's beleaguered housing market.

Indeed, those looking to buy real estate in Spain could find that the increased mortgage costs lead to further bargain homes coming onto the market, A Place in the Sun reported.

Mark Stucklin of Spanish Property Insight commented: "This is the sixth month in a row that new mortgage lending has fallen, a clear sign of trouble for the market. New mortgage lending has been falling since July and the latest fall comes on top of a slump of 16 per cent in September.

"Significantly fewer, smaller loans means a lot less money chasing property, putting further pressure on prices."

New mortgage lending in October fell by 24 per cent year on year to 39,542 home loans, and by 25 per cent compared to September, according to data supplied by the INE.


Share

Article created on behalf of Propertyshowrooms.com News Desk ()

Related Articles

  1. Tourists Spend Record 6.08 Billion in Spain
  2. Property Market Revival Gathers Pace in Spain
  3. Strong Overseas Demand Boosting Spanish Property Market
  4. Property Price Falls Decline in Spain in 2013
  5. Spain Now Commands 3rd-Most Tourists Worldwide



Let us search for you Let Us find Property in Spain for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Spain.

SubscribeGet Email Updates!

   

* We value your privacy and will never share your email address with anyone else.

USA Income Properties Fully Managed From $22,000
Development Showcase
Distressed Property in Sax Featured Property
Sax (Alicante)
House/Villa - 5-Bed, 3-Bath
€575,000 - Find out more »
Distressed Property in Pinar de Campoverde Featured Property
Pinar de Campoverde (Murcia)
House/Villa - 3-Bed, 2-Bath
€370,000 - Find out more »
Distressed Property in Benahavis Featured Property
Benahavis (Malaga)
Apartment/Flat - 2-Bed, 2-Bath
€235,000 - Find out more »

Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Spain
Channel: All

More RSS FeedsGo

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo