Fitch ratings
The rating agency Fitch upgraded last Friday the Spain’s sovereign debt rating from BBB to BBB +, which means that “stable” perspective in economy health and investment risk. Fitch considers that Spain is moving away from the so -called junk status as it considers its bonds is three steps away from this type of high-risk investments . Moody’s also upgraded its rating to Spain last February. (more…)
Real Estates Sales in Spain
The Valencia Commission for the Promotion of home sales to foreigners has recently published data related to estate transactions where we could see the leading position of the Region in selling homes to foreigners during 2013 last quarter. (more…)
Reverse
In the first weeks of 2014, the Spanish mortgage market is undergoing some significant changes driven by the advertising campaigns of several banks where they offer mortgages with more affordable interest rate. Spreads have gone from exceed 4% less than 2%, reason why some banks are even offering loans with a fixed interest rate of 4% or less.
Rolls-Royce Book launch
The Royal Automobile Club in central London hosted the official launch party of the Yearbook of Roll- Royce Enthusiast’s Club 2014 on Friday 8 November.
As a sponsor of this publication, Luxury Homes by VAPF, was present at the reception in which about 300 attendees could take a look at the Royce Yearbook and enjoy a fantastic evening with live jazz, a tap show that delighted all present, a superb sushi bar and -of course- the finest champagne. (more…)
The Euribor rate
Once again, this month the Euribor European central mortgage index (Euro Interbank Offered Rate) will give the home owners some rest and let some euros stay in their pockets.
In August the Euribor falls to 0.542%, so all the mortgages linked to this index –and due to review- can expect to get their monthly house payment cheapen in an average of about 20 €, which means an average of about 240 € a year.
Euribor interest rate
The Euribor mortgage index keep on bringing us good news. The updated data show us that monthly mortgages payments will decrease in a media of about 55 euros or 660 per year on average. (more…)