Spanish property asking prices fall 2.7pc in Q3
Average asking prices (resale) lurched down by 2.7% over 3 months to the end of September, according to index published by Idealista, one of Spain’s leading property portals.
Residential construction still falling with housing starts down 43pc
Housing starts over the last 12 months were down 43pc compared to previous 12 months, reveal new figures from the Ministry of Housing. But on a monthly basis housing starts appear to be recovering from a March low.
Mortgage payments up, new mortgage lending down
A summary of the Latest Euribor and Spanish mortgage news Euribor (12 months), the interest rate normally used to calculate mortgage repayments in Spain, may not have budged last month compared to August, but it is up by 12.6pc compared to 12 months ago. That means borrowers will have to pay more.
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