Raise in interest rates Favourite Spanish Property Insight › Forums › Spanish Property Forums › Real Estate Topics, News & Discussion › Raise in interest rates This topic contains 3 replies, has 3 voices, and was last updated by Anonymous 13 years, 7 months ago. Author Posts December 1, 2005 at 2:01 pm #51396 AnonymousParticipant I see the ECB has decided to raise the base rate by .25% to 2.25%. Has anybody worked out yet the potential impact on mortgage repayments per 1000 euro borrowed. Also, will this have any further impact on the already depressed resale market. Regards Kevin December 1, 2005 at 5:44 pm #60085 AnonymousParticipant On a mortgage of €100,000 at an average of 3.5% the 25 point raise will mean an increase of €21 a month. (Assuming a straight increase of 0.25 by the bank) Personally I don’t think this will impact all that much, in fact why the ECB bothered at all is a mystery. Still makes the UK look expensive! December 1, 2005 at 10:02 pm #60087 AnonymousParticipant I was at the bank today and the rate is now 3.75% and due to rise. Although low it will worry some buyers wary about the bad old days of 15% plus rates! (UK of course) December 2, 2005 at 9:17 am #60089 AnonymousParticipant Does that mean we can expect a higher rate of interest on our deposit, that the developers have to pay us for non build, when we action our Bank Guarantee or “whatever”? Author Posts The forum ‘Real Estate Topics, News & Discussion’ is closed to new topics and replies.