| New Spanish mortgage approvals have declined by 37% |
| According to Spain's National Institute of Statistics, the number of new mortgages approved in February has amounted to 51 827, this is 37% lower than during the similar period of the preceding year. The indicator has been declining during 20 months already, although in February the temps of decrease have slowed down... [ more ] |
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| According to the Federal Home Loan Mortgage Corp Freddie Mac, interest rates for 30-year fixed-rate mortgages have declined by 4.82% during the week that has ended on May, 21. A week ago, 30-year mortgage interest rates were 4.86 %. A year before the rate was 5.98%, UPI reports... [ more ] |
| Experts claim that buying property abroad is safe |
| Russian overseas property buyers' rights are quite secured, but only if the transaction is handled by a professional consultant. This opinion has been expressed by almost 65% of experts surveyed during the International Congress which has been held as a part of the INFOREAL International Real Estate Forum, on May, 14-15 2009... [ more ] |
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| New Spanish mortgage approvals have declined by 37% |
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According to Spain's National Institute of Statistics, the number of new mortgages approved in February has amounted to 51 827, this is 37% lower than during the similar period of the preceding year.
The indicator has been declining during 20 months already, although in February the temps of decrease have slowed down. As of January 2009 the number of new approvals has been 43.5% lower, year-on-year. In February the median price of each credit has worked out €123.6 thousand, which is 17% lower than a year ago.
Simultaneously, mortgage interest rates have increased up to 5.4%, despite that, the benchmark rate has been lowered from 4.53% to 2.13%, Spanish Property Insight reports.
Prian.eu
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