The mortgages will rise up to 1822 euros per year if the Euribor rebound 1.5%

Tells us nothing new this time the Spanish Mortgage Association, but it is worth remembering.

This is the press release disseminated today:

"The annual quota for the mortgage half today in Spain (134,453 euros to 26 years later) could be urged to 1822 euros per year if the Euribor increased by 1.5%. We warned the Spanish Mortgage Association. The organization, which represents banks, savings banks and other financial institutions, insisting for months that the era of cheap loans seems to have come to an end and stresses that citizens, after a period of minimum rates "tend to lose awareness of the risk. "According to the AHE, contracts more exposed to a possible crisis types are those signed between 2003 and 2005. Caixa Catalunya said that high housing prices mean that some families must devote the net salary of 17 years to pay for their flats. "

Written by Carlos Lopez on June 13, 2006 with 1 comment
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