STATEMENT: What will happen to mortgages in Spain in 2024?

(Information sent by the signatory company).

STATEMENT: What will happen to mortgages in Spain in 2024?

(Information sent by the signatory company)

Madrid, February 27, 2024.- In recent years, the real estate market has presented notable fluctuations, generated mainly by the different scenarios that have impacted the global economy and have influenced interest rates.

In this context, the doubt about what will happen to the 2024 mortgages is increasingly common among Spaniards. Given this, BusinessCredit explains the current mortgage scenario. The company specialized in the management, negotiation and processing of mortgages unifies the perspective of experts that can provide a clear vision to both buyers, owners and market professionals.

According to BusinessCredit specialists, the context of 2024 mortgages is mainly influenced by the evolution of the global economy, which makes it complex to define a clear scenario in this area in advance. Some experts explain that current trends suggest changes in key aspects such as the types of mortgages available, as well as a drop in interest rates throughout 2024 and 2025.

The perspectives are diverse among specialists, highlighting above all a slight moderation in the Euribor towards mid-2024. In this sense, it is estimated that by the end of the year the index will be around 3.25%. Another important detail in the 2024 mortgage scenario is the impact that stability in interest rates could generate in the real estate market. This is because some financial experts project that the European Central Bank (ECB) could reduce rates starting in July of this year, with the aim of placing them at 2.25% by the end of 2025.

Although there is still some uncertainty regarding access to 2024 mortgages, there appears to be a downward trend in interest rates by mid-year; This scenario could generate a positive influence on the housing market in Spain.

In that sense, preparing for a mortgage is essential when entering such a dynamic scenario, which is why resorting to the services of financial intermediaries such as BusinessCredit is the most advisable option to evaluate all the mortgage options available on the market. and select the one that best suits each user.

Analysis of the financial situation, as well as careful planning of the entire process, is key before accessing a mortgage today, as this will allow you to take into account current and future needs and make informed decisions that do not negatively influence in the economic stability of the mortgaged.


Issuer: BusinessCredit

Contact: Journalistic Office

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