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Invest in your dream Spanish property on record-low mortgage rates

Euribor, the base rate used for most mortgages in Spain came in at -0.19 in April. The figure is a fraction higher than in March but still 59.7% lower than April of 2017, meaning borrowers with annually resetting Spanish mortgages will see monthly payments fall by around €3.6 for a typical 20-year €120,000 loan.

Euribor rates fell into deep negative territory every month between September 2016 and December 2017 and have remained unchanged or risen slightly in three of the last four months. Financial analysts believe the downward trend has now run its course, alongside the Spanish press who have reported that traders do not expect Euribor to fall much further, if at all.

According to the latest figures from the Association of Spanish Notaries, February saw a steady rise in new residential mortgage lending in Spain, increasing by 13% compared to the month before at an average new loan of €129,922.

As it stands, Euribor rates are at an historic low - meaning borrowing has never been so cheap. Compared to neighbouring regions, it is a very good time to apply for long-term, fixed-interest rate mortgages in Spain.

Given that interest rates, inflation and prices continue to rise, now is an opportune time to invest in your dream home in Spain with a fixed-rate mortgage. The sustained rise in mortgage lending is a result of the improving economy, rising house prices, and rising consumer confidence in Spain.


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