Finance and Property News

The Mortgage Helpline International Group

Spanish home sales increase by five percent in May

The number of Spanish home sales inscribed in the Land Registry rose by five percent in May compared to the same month last year, show the latest figures from the National Institute of Statistics (INE). There were 42,708 Spanish home sales inscribed in the Land...

read more

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...

read more

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...

read more

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...

read more

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...

read more

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...

read more

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...

read more