The has increased interest rates to 2.50%, driving the index to 3.10%. For a mortgage of 178,000 euros, monthly payments have risen from 821 to 906 euros, resulting in an additional annual cost of 1,020 euros for homeowners.
records show average rates for new mortgages at approximately 3%. Variable products are currently marketed at 2.86%, while fixed-rate options stand at 3.07%. Meanwhile, one-year Treasury bills have reached yields of nearly 3% from a 2% start.
Spanish housing prices have surged by over 12% this year and 70% since the post-recession lows. This contrasts with European neighbours, as German prices rose by just 1.4% while French values remained flat, highlighting significant regional market disparity.