The twelve-month Euribor, the most widely used indicator for calculating mortgages in Spain, will close the year forecast to rise, with a rate in December close to -0.132%, compared to -0.147% the previous month, bringing a The average mortgage will cost about 30.6 euros per year.
In the absence of the Bank of Spain confirming this rate of Euribor at the beginning of January, the share of an average mortgage of 100,000 euros will reach 370.93 euros.
In December 2017, with the Euribor at -0.189%, the share of a mortgage loan for this amount, at 25 years, and with a differential of one percentage point, stood at 368.38 euros.
In this way, mortgages that are revised now will cost 2.55 euros per month, which is about 30.6 euros per year.
In spite of the fact that the indicator will add 35 negative consecutive months in December since February 2016 was below zero for the first time, it has been rising since last April.
The analyst of XTB Jorge Lopez emphasizes that it is "foreseeable a possible change of tendency much more forceful of facing to the next months, once it install in the market the firm idea of the monetary normalization on the part of the European Central Bank".