Spanish Property - Interest & Exchange Rates

The international financial back drop for the Spanish and Mallorca property markets remained largely unchanged over the last month although the expected long term trends for exchange and interest rates appear to have been established despite ongoing uncertainty across the globe. ... More »

Mallorca Mortgages - The Euribor Good News Story!

In line with our earlier reports, the Euribor, main reference rate for Mallorca and Spanish mortgages, fell to 2.1% last month from 2.62% in January. This fall puts the Euribor at it's lowest level since June 2005, and almost 50% lower than year ago, when it stood at 4.349%.... More »

Mallorca Property - Exchange Rates

Sterling denominated purchasers of Mallorca property had at least some post Christmas cheer as the pound climbed by 7% against the Euro as the Bank of England slowed the pace of interest rate cuts to 0.5% and markets priced in a sizable cut in Euro Zone rates this week. ... More »

Interest and Exchange Rates and the Mallorca Property Market

With general economic data releases and Spanish and Mallorca property market sentiment all making depressing reading we continue our monthly "better news" feature on interest rate movements and the outlook for Spanish and Mallorca mortgage holders, and what buyers can do to take advantage of the changing financial environment... More »

Mallorca Property - Interest & Exchange Rates

The latest RBS Interest & Exchange Rate Forecast makes gloomy reading in terms of the worldwide economic outlook but at least offers the prospect of greatly reduced interest rates in the months ahead. ... More »