Two keys things of interest this week on the Financial Front.
The Eurozone mortgage base rate was down again in November, this will be the tenth consecutive month of negative rates.
The 12 month Euribor (the rate used to calculate most mortgage repayments in Spain), was down to -0.074 in November, a move down from -0.069 in October.
This is great for current mortgages as peoples mortgage payments fell. Plus with regard to new mortgages lending rose 10% in September.
It is a great time for investors to buy property, with a long term fixed interest loan, at a time when borrowing money is probably as cheap as it is going to get.
For those Brits among us, or those with sterling, Luke Trevail, of TorFX, has confirmed in an article that the pound has come to life in the last couple of weeks.
With much media surrounding the surprise win of Donald Trump in November and the current Italian political referendum this is sure to have an effect.
Sterling has crept to an 11 week high and it is suggested that a move higher is expected. We have moved from the shocking 1.08 we saw in October to today seeing 1.20, so definitely a move in the right direction.
So on both counts, very positive things for mortgages and exchange rates, so don't miss out, we have at Golf Sun Spanish Properties, fantastic opportunities waiting for you.