Finance and Property News

The Mortgage Helpline International Group

Spanish housing market sales increase by 7.7% in May

The Spanish housing market expanded by 7.7% in May, according to the latest data from the Association of Spanish Notaries. There were 51,896 sales in total, including social housing, with resale apartment transactions up 6.7% whilst new flat sales were down 12.7%, and...

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New Spanish mortgage lending up 22% in April

New residential mortgage lending increased in April by 22%, a big rebound compared to March, when the growth rate of just 2% was the result of seasonality. The average new loan in April was €133,456, down 3.3% compared to last year. 47.3% of purchases involved...

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Spanish holiday home market booming

The Spanish holiday home market is enjoying its time back in the sun, reports the Spanish daily El Pais. Holiday-home prices are rising, and building sites with cranes dot coasts once again. “Areas with clear signs of recovery in the holiday home market are the...

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Recovery in the property market in Cyprus continues

The residential sales market is recovering in Cyprus with official data showing that transactions increased by 29% in May year on year. It means that the Mediterranean island’s property market is seeing sustain growth in the sales of homes with April, March and...

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Spanish property prices on the up

The following residential property price indices were released in May 2017 (all figures show year-on-year percentage change): The Spanish Land Registrars’ Association +9.39% in the first quarter of the year, based on their ‘repeat sale’ methodology that only takes...

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Spanish mortgage news

12-month Euribor, the base rate used for most mortgages in Spain, came in at -0.188 in May, a fraction higher than the month before, but 48% lower than the same month last year, which is what counts when it comes to annually resetting mortgages. As a result, borrowers...

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