You are here : Tate Properties Latest News · Good News For Home Owners
LATEST PROPERTY NEWS
- Some reasons to consider property for sale in Los Cristianos
- Los Cristianos
- Los Cristianos gets a Makeover
- Euribor falls to 1.3%
- Huge reduction to Los Cristianos property
- New laws in Spain
- Foreclosure Property List
- Eurozone interest rates cut to 2%
- All Time High for Property Investment
- Interest Rates Cut to 2.5%
- Good News For Home Owners
- Canaries House Prices Hold Up Against Mainland Spain
- Siam Park Opening a Huge Boost to Tenerife Tourism and The Tenerife Property Market
- Eurozone rates lowered to 3.25%
- Mortgage Options for your Tenerife Property
- Credit Crunch Offers Fantastic Deals
- Tenerife Property For Sale!
- Tate Properties Open Youtube Channel
- Spanish Succession Tax
- Spanish Succession Tax
- Relocate with Tate - Property in Tenerife
- Bulgaria’s Resorts Become Property Boom Towns
- Tenerife Property Sales - Why not buy to rent?
- Tenerife Property Finder
- Selling Your Property in Tenerife
- Real Estate Tenerife
- Property for sale in Tenerife
- Home Registration & Cashback
- Apartment for sale in Los Cristianos
- Apartments for sale in Tenerife
Good News For Home Owners
It is certainly a good news day for consumers with word that the Euribor, used
to fix most mortgage interest rates in Spain, will end November at 4.35 percent.
The fall in the Euribor, in line with other interest rates, will mean average
savings, for those whose mortgages are reviewed in December, of 435 euros a
year.
The reduction will come as a welcome relief to homeowners, who have seen their mortgage repayments
rise relentlessly over the last three years, reaching an historic high of more than 5.5 per cent earlier this
year.
Since then, due to the worldwide financial crisis, the European Central Bank has been forced to abandon
its policy of keeping a lid on inflation at all costs, and has introduced two interest rate cuts.
