ECB rate increase

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10 Jun 2022 9:20 PM by Marksfish Star rating in Vera, Almeria. 2626 posts Send private message

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Didn't think it could last forever. ECB to increase rates, so mortgage on the way up sad





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05 Jul 2022 9:18 PM by Marksfish Star rating in Vera, Almeria. 2626 posts Send private message

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So it's happened. Monthly payment has gone up. Not a huge amount this time, but it is the beginning of a slippery slope.





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01 Sep 2022 11:46 AM by juantr Star rating. 2 posts Send private message

There are mainly two scenarios. The first one is the hike one, by which what is happening continues to happen, that is, rates hike at fast paces and well... stop a bit the property market turnover hence a basis of the Spanish economy. The second one is basically the one by which the ECB goes back to lower rates given the big electricity-driven crisis that may take place in the coming months.

All in all, both scenarios look pretty bad.





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