Mortgages in Spain

One in three foreign home buyers in Spain finance their purchase in our country, and two in three pay in cash. According to Engel & Völkers Finance Spain, the reason for this is that the mortgage offer is more competitive than what they can find in their home countries.

If you've been looking at the property market for some time and want a first or second home in Spain, you should take the plunge this year. Some factors suggest you should buy a property in 2024.

Selling a house with an outstanding mortgage in Spain is a common conundrum. A mortgage can make selling more complex, posing questions about the transaction's viability and the steps needed to carry it out successfully. This article discusses whether you can sell a property with a mortgage in Spa

The US rating agency S&P joins the host of international forecasts on what will happen to interest rates and inflation in the eurozone this year. According to its calculations, the price increase in the common currency region will not return to 2% before 2025, while the ECB will cut rates from

The government is looking to extend measures to support vulnerable mortgagors and remove commissions that allow consumers to change their variable rate loan for a fixed rate or amortise capital to save interest in 2024. According to El País, the Ministry of Economic Affairs has already informed the

In the aftermath of the Covid-19 pandemic, central banks worldwide flooded the money markets with liquidity (money) in an attempt to stop a major recession which could trigger - if left unchecked - a global depression similar to the last one from 1929. However, for every action there is an equal an

The average rate at which Spanish banks granted mortgages in September exceeded 4.3%, at its highest level since February 2009, when it stood at 4.324%, according to data from the Bank of Spain published on Friday. Thus, the average rate on mortgage loans over three years for the purchase of free h

The sharp rise of interest rates over the last 12 months, has prompted scores of borrowers to look into cancelling their Spanish mortgage loans.

Many foreigners apply for a mortgage in Spain to buy a home.

The new non-resident mortgagor profile in Spain shows that buyers are increasingly younger due to the increase in teleworking. They're mainly from countries like the United Kingdom, Germany, France and Belgium. However, according to an analysis by Uión de Créditos Inmobiliarios (UCI).

Picture this: you've found the house of your dreams and you're about to take out a mortgage. Do you know how much money the bank will lend you and how much in savings you need to take out a mortgage?

When we plan to buy a house and need to ask for a mortgage, a concept we must be familiar with is mortgage-related origination fees.

Rent to buy is an attractive alternative for those people who do not have access to the financing they need to buy a house. This option allows you to live in a home while paying rent and later decide whether to buy it.

The European Central Bank's (ECB) latest Economic Bulletin states that residential investment in the euro area is expected to fall in the short term despite the resilience it has shown over the past year.

Spain is among the countries with the cheapest mortgages in Europe, despite the sharp increase in interest rates in recent months, according to data compiled by the European Mortgage Federation (EMF). This group collects data from 12 European countries and, according to its latest statistical bulle

Following the 2008 financial crisis, the role of mortgage brokers in Spain became particularly important. They are professionals who act as mediators between the bank and the individual who wants to take out a mortgage.

The Governor of the Bank of Finland and member of the Governing Council of the European Central Bank (ECB), Olli Rehn, has voiced his support for continuing to raise interest rates and does not expect the institution to reach the terminal level of the reference rate until the summer.

When talking about mortgages in Spain, an early repayment charge is a penalty paid by the customer when they repay part of the mortgage. It can put some people off making mortgage repayments. However, it is a small cost that usually allows us to save a lot of money in the long term.

The Spanish Statistics Institute's (INE) Population and Housing Survey confirmed that most households own their homes in Spain at 75.2%. This includes fully paid properties (38.1%), properties with outstanding mortgages (26.4%) and inherited or loaned homes (10.7%).

At a time of great economic uncertainty worldwide, making the decision or simply being able to afford to buy a home is becoming very difficult for many citizens.

Mortgage interest rates are on the rise, but in spite of this, many people are still choosing to buy property in Spain, as prices start to stabilise going into 2023. If you're renting and you want to own a property then the process is relatively simple.

Fixed and variable-rate mortgages are the most common on the market in Spain, but there is a third type that is also worth knowing about when applying for a mortgage in Spain: mixed-rate mortgages, also known as mixed mortgages.

Spain's most recent Royal Decree-Law to alleviate the mortgage burden of more than one million vulnerable families or those at risk of vulnerability due to the rise in the Euribor came into force on 24th November following its publication Spain's Official State Gazette (BOE).  This package of

In a context of high inflation, Spain has hit 7.4% the highest in 34 years, protecting your family’s savings becomes a top priority. Financial advisers will normally recommend two options to protect yourself against inflation: The first one is to buy gold (which is rallying) The second is to bu

Mortgages for foreigners living in Spain, or Spaniards residing in another country, have some differences with respect to ordinary mortgages granted to Spanish citizens residing in Spain.