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Euribor Above 2% for First Time in 2 Years

Euribor (12 months), the interest rate generally used to calculate mortgage repayments in Spain, rose to 2.086 in April, a change of +8.4% compared to the previous month, and the first time Euribor has been above 2% since February 2009.

On an annualised basis, Euribor is 70.3% higher than it was a year ago (see graph above), meaning higher monthly repayments for borrowers with mortgages resetting now.

Repayments for a typical mortgage (150,000 Euros, 25 years, Euribor +0.25… full article

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Spanish House Price Index - March 2011

Month-Year Spain Coastal Inland
03-2010
04-2010
05-2010
06-2010
07-2010
08-2010
09-2010
10-2010
11-2010
12-2010
01-2011
02-2011
03-2011
-5.3
-4.6
-4.4
-4.0
-4.3
-4.6
-5.0
-4.6
-3.6
-3.9
-5.0
-4.5
-3.7
-7.8
-5.2
-4.1
-5.2
-4.9
-4.9
-8.7
-6.7
-4.7
-4.7
-8.4
-6.7
-5.7
-4.0
-3.8
-4.9
-3.0
-3.0
-3.5
-3.4
-3.5
-2.2
-1.6
-2.7
-3.3
-1.1

The graph and table data represent the year-on-year evolution of Spanish property values. For example, if the value for August 2009 would be -3.9, then this means that average property prices in August 2009 are 3.9% lower than they were a year earlier, in August 2008.

The graph and table on this page contain up to date information for the past 13 months. For more information, please look at earlier monthly reports, or the historical overview since January 2001.

The graph and table data are based on actual property valuations, as established by one of Spain's larget independent property valuation companies, Tinsa S.A. They are not based on asking prices or registered selling prices, nor on the statistics as provided by the Spanish Ministry of Housing, and are therefore considered to be the most acurate and reliable source for this kind of information.

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