Can anyone give their views on what they think is likely to happen to the Interest rate in Spain? Are the current low rates unsustainable? How much would you expect them to rise in the next few years?
We've been offered a fixed rate mortgage in place of the variable rate one we have at present and I'm just canvassing opinions.
PS, hope all is going well for you with your villa.
In the past this would have indicated a rise in interest rates but as any fluctuation of interest rates is now tied to the EU it is unlikely that this will be the effect despite the best efforts of the a failed socialist government.
I am certainly will not be making any long term investments at fixed rates for the foreseeable future but whether the converse holds true for people seeking mortgages I wouldn't like to predict.
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