Cheaper to buy a home in Spain than to rent?

rent apartments in Nerja

According to new calculations made regarding the cost of renting an apartment in 15 major Spanish cities, it is now cheaper to buy a property than it is to rent. In none of the cities looked at did the cost of a mortgage equal more than 31% of an average family’s earnings. report, published by global real estate agency Century …

July Euribor at new record level

The Euribor, the main indicator for setting mortgage and interest rates, ended July at another record high of 5.393%.