Mortgage rates dip, but monthly payments for many borrowers set to rise
A summary of the Latest Euribor and Spanish mortgage news
Fotocasa property portal asking price index -3.4pc in November
Fotocasa, one of Spain’s big property portals, publishes a monthly asking price index based on the properties advertised for sale in its database. The following table summarises average asking price changes per region in November, with a national average of 2,276 €/m2, 3.4pc lower than November last year.
Housing-starts down 20pc in Q3
House prices were not the only market metric to fall 20pc in Q3; housing starts also fell that amount over 3 months to the end of September, according to the Government (Fomento).
Land prices down 20pc in Q3
Falling land-prices prepare the ground for cheaper new homes
Official House Price Index -2.2pc in Q3
Spanish house prices were 2.2pc lower at the end of September than the same time last year, according to the official house price index published by the National Institute of Statistics (INE).
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