spain variable mortgages

Spanish mortgages

How Long Will The Euribor Remain In Negative Territory?

The 12-month Euribor, which is the reference used for the majority of variable rate mortgages in Spain, has been in an uninterrupted downwards trend since 2012 and is about to complete one year in negative territory. Analysts consensus is that the Euribor has already touched bottom, and that it will begin to rise gradually from the second quarter.