The number of mortgages for the acquisition of housing experienced a significant decline in April, dropping by 18.3% compared to the previous year. According to data published by the National Statistics Institute (INE), only 27,053 loans were granted during this period. The average amount of mortgage loans for purchasing a house was 136,945 euros, which … Read more
China Cuts Key Interest Rates, Hoping to Kick-Start Flagging Economy In an effort to revive its slowing economy, China’s central bank, the People’s Bank of China, has announced a cut in key interest rates for loans issued by the state-controlled banking system. This move reflects mounting concerns within the Chinese government and corporate sector that … Read more
The entities change their strategy and bet on variable credits at the end of the era of cheap money Loans that vary their rate conditions reached record numbers in the first quarter, with increases of 20% compared to 2022 The escalation of the Euribor causes increases in mortgage payments that reach 37% in the youngest … Read more
In the last 40 years, The housing market has undergone a great change since in 1981 as a result of the Moncloa Pacts what we know today as the mortgage market was born. At that time, both the official banks and the private banks began to grant mortgages. savings banks of each municipality and the … Read more
MURCIA. There is no good data in the real estate market. Since the rise in interest rates became a reality, the mortgage firm has not stopped falling. In April, compared to the same month of the previous year, it registered a fall of 24.9% in the Region, also lowering the average amount of loans to … Read more
The purchase of a home without the need to access a mortgage loan continues to increase due to financial conditions. During the month of April they have signed 42,139 home sales, of which 25,945 were formalized through a mortgage, 61.5% of the totalaccording to the provisional data of the Real Estate Registry Statistics corresponding to … Read more
First of all, there are high interest rates and, in addition, stricter conditions for obtaining a mortgage have been in effect for over a year. The rates now most often range from 5.5 to 6 percent, depending on the length of the fixation. “In addition to making mortgages more expensive, monthly payments are increasing. And … Read more
The rapid, high and constant increases in interest rates approved by the European Central Bank (ECB) in recent months have forced citizens to renegotiate their mortgages with the bank. According to the latest data published this Monday by the Bank of Spain, a record for renegotiation of mortgage loans was recorded in April. A level … Read more
The mortgage firm to acquire a home resists the type in Canary Islands. In the first quarter, 3,992 loans were signed in the Archipelago6.4% more than in the first three months of 2022. Although it is true that a part of them may be embalmed operations from recent months, the increase occurs on the data … Read more
Between 2004 and 2007, financial institutions fiercely competed with each other to grant mortgages to families. Therefore, almost any citizen who applied for one got it. The key to success was in the custom made suit for their clients. To balance the figures, they stretched the number of years of the loan, granted loans with … Read more