Wednesday 30 January 2008

Euribor ends the month with the biggest fall in six years.

Good news in that the Euribor rate, used to calculate mortgages in Spain, has this month seen its biggest fall since October 2001, more than six years ago.
From its close in December of 4.79% it has subsequently fallen to 4.5%, which in time will have a knock on effect for mortgage payers.

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Tinsa €/m2