After a few years with differentials in the 3%, it seemed impossible for us to approach 1% again, but that moment is already here or almost (obviously, far from the Euribor + 0,45% of "those wonderful years")
In the last Real Estate Exhibition in Madrid (SIMA), Luis Corral, CEO of Foro Consultores, said that the spreads would be close to 1% at the end of the year. Other experts believe that 1,5% will be around and in that band will move during 2015. Recall that el difecial Is the percentage added to the reference rate agreed, eg: Euribor + 1.
There is little more than a month left for 2014 and The banks have given another twist To their mortgages with downside spread to 1,6%. Bankinter and ING They are among the most active in the market and look at each other to see who goes down the most and before. They are entities that lead the fight to get new customers, perhaps because they have been less exposed to the cyclone real estate and start in better positions. All with the permission of Kutxabank or Caja Sur, which maintain offers at levels very close to 1%, an unknown reference in recent years. Of course, it requires fulfilling some important conditions. Santander y BBVA They will probably be the next to move tab.
These "struggles" come very well to consumers who see how the range expands and the financing tap opens after years closed. Obviously, everything has a small print that is advisable to keep in mind so as not to bring surprises, Because you have to look at more things than the differential.
And while banks are still selective when it comes to lending, at least we have climbed another step and, even if it is slow, mortgage finance is flowing and that is seen in the buying and selling of housing that grows, especially second-hand housing Which has been very halted, in part, for lack of mortgage loans.