Post by account_disabled on Feb 27, 2024 2:24:38 GMT -8
anks seek to compensate for the fall in the cost of mortgages by granting a greater volume of loans and at the same time attract new customers. Mortgage spreads are already below 2%. This circumstance forces entities to further compress costs in a trade war. The fall in the twelve-month Euribor price is causing a large drop in spreads on new mortgages contracted , which in a single year has gone from This means that, as financial sources explain to Digital, a 25-year mortgage of 150,000 euros that was signed in February 2014 paid a monthly payment of about 700 euros, while one signed in recent days will pay an average of 600 euros, 11% less . Banking needs assets . You have to give credit to be able to maintain margins. The entities are betting, in this scenario, on lowering rates: to the point of offering in new mortgages a reduction in the monthly payment of close to 100 euros , compared to what was paid a year ago.
However, it must be taken into account that the rules of the game may change if the ECB decides to raise rates in the second half of the year . One of the most probable scenarios that financial entities handle. What will not be made more flexible are the conditions that are required of clients , meaning that the mortgage Netherlands WhatsApp Number will be cheaper than a year ago, but not more accessible. Home sales rise after four years The offensive is launched just after learning that the sale of second-hand houses has allowed the real estate market to close its first year of growth since in , according to statistics published this Tuesday by the INE. The number of properties that changed hands grew by % compared to , up to 319,389 homes. The recovery of the sector has already been expected for a few months . The keys that explain the progress are, on the one hand, the improvement in credit and, on the other, foreign investment, while the correction in prices has continued.
Since the highs reached in , apartments are worth around less , but this adjustment is by no means homogeneous throughout the country and is much less intense in areas where demand has remained .For this reason, now, when investors look at our country, the capital is positioned as number one, and tries to surpass the rest of the regions in fiscal attractiveness (such as neighboring Aragon and Navarra) to attract companies that are fleeing from Catalonia. Excessive taxation for Catalan companies Ignacio González's economic team assures this confidentiality that “ Catalonia and Barcelona are making it easy for us .” And it is providing an opportunity that should not be missed.” They also consider that in Catalonia there is not only instability now due to the independence challenge posed. They highlight that the region is also suffocated due to excessive own taxation , which has contributed decisively to greater job destruction, company closures, investor flight and, consequently, lower tax collection .