Property Sales Rise as the Market Begins to Stabilise

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Residential property sales rose in July and are currently on par with last year as the market starts to show signs of stabilisation.   A total of 47,890 property sale during the month of July, representing a rise of 3.8% on the same month last year, according to the government’s central statistics unit.

Mortgage Interest Rates fall to Lowest Ever Level

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Existing variable rate mortgage loan holders will see a reduction in their monthly repayments. The Euribor – the rate in which most Spanish mortgage interest is calculated – has plummeted to new lows over the past couple of months, making variable rate mortgages even more appealing for home owners.