European Central Bank

European Central Bank

According to Premier Marbella news sources, the European Central Bank (ECB) has reduced interest rates to 0.5%, a new record low. The European Central Bank (ECB) has again lowered interest rates by 25 basis points to 0.50%, now at the lowest level since the euro was...
Spanish Property Purchases

Spanish Property Purchases

According to Premier Marbella news sources, Spanish property purchases without mortgages are being driven by stringent banking requirements and big price reductions. 2012 accounted for more than 274,000 mortgages, but nevertheless there were a further 44,000 sales...
Euribor Regains Trend

Euribor Regains Trend

According to Premier Marbella news sources Euribor regains its downward trend. The Euribor, the indicator that references most Spanish mortgages, has resumed the downward trend that continued in 2012, after the rise experienced in the month of January, which ended...
Spanish Mortgage Lending

Spanish Mortgage Lending

According to Premier Marbella news sources, Spanish Mortgage lending plunged 30%. The number of mortgages in November on housing in Spain fell by 31.6% (annually) to 19,115 units. According to the National Statistics Institute (INE), the figure is similar to that of...
Spanish Mortgages Drop

Spanish Mortgages Drop

According to Premier Marbella news sources, the number of Spanish mortgages constituted has dropped again. The number of mortgages on homes continues to fall, continuing a two and half year trend of decline. In October the number had reached 19,105, representing a...