The Spanish Euribor rate decreases again in September to 2,067 % according to the infomation provided by the Bank of Spain.

The Euribor is short for Euro Interbank Offered Rate. The Euribor rates are based on the average interest rates at which a panel of more than 50 European banks borrow funds from one another. There are different maturities, ranging from one week to one year.

The Euribor rates are considered to be the most important reference rates in the European money market. The interest rates do provide the basis for the price and interest rates of all kinds of financial products like interest rate swaps, interest rate futures, saving accounts and mortgages. That’s the exact reason why many professionals as well as individuals do monitor the development of the Euribor rates intensively.

Balearic Properties is offering interest only mortgages to foreign property buyers to own properties  in Mallorca in  their own names on a freehold basis .

Please contact us for more informations on:

0034 971 53 22 21

Balearic Properties Real Estate

Via Pollentia 3, 07460 Pollensa Mallorca

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