Pursuits
Even Spain's Mortgage Market Is Rising Again as ECB Injects Cash
- House prices rose the most since record in the second quarter
- Banks are charging the lowest spread over Euribor since 2012
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For Miriam Broncano, it was just a great time to buy the three-bedroom apartment she had her eye on in Madrid’s university quarter.
The human resources executive and her partner took out a 30-year variable rate loan set at Euribor plus one percentage point last month with Banco Bilbao Vizcaya Argentaria SA. Spain’s second-largest lender gave her a 300,000-euro ($340,000) loan, which was equivalent to about 90 percent of the price the couple paid for the property after the bank valued it a 100,000 euros more than its sale price, she said.