Why Waiting for Interest Rates to Drop More Could Cost You | #bitesize Ep15 #costadelsol

In this episode of Bite-Size with Cloud Nine, hosts Sean and Darren address a question from a viewer named Jackie Sampson regarding the current mortgage market in Spain. The European Central Bank recently lowered interest rates, leading to a decrease in mortgage costs linked to the Euribor rate. Jackie inquires whether now is the optimal time to buy property in Spain or if she should wait for further rate reductions. Sean and Darren suggest that while interest rates may drop slightly over the next six months, the increased demand from other buyers waiting for the same could drive property prices up, potentially nullifying the benefits of waiting for lower rates.
They advise prospective buyers like Jackie to consider current market conditions and possibly consult with mortgage advisors to secure the best deal.

[00:00:00]: Introduction

[00:00:12]: ECB Lowers Interest Rates

[00:00:22]: Jackie Sampson's Question

[00:00:26]: Impact on Mortgages in Spain

[00:00:47]: Future Interest Rate Predictions

[00:01:47]: Advice on Timing Property Purchase

[00:02:48]: Market Conditions and Buyer Behaviour

[00:03:26]: Getting More Information on Mortgages

📢 Listen to the podcast version here: https://on.soundcloud.com/LZrQxfVCkEaEauQx6

Get in touch with Cloud Nine Spain:
Telephone: +34 951 203 808
Email: info@cloudninespain.com
https://cloudninespain.com/

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Sean Woolley is the author of "From The Ground Up: The Insider's Guide to Buying Spanish Property"

Available on Kindle and Paperback
Buy it on Amazon: https://www.amazon.es/dp/B08C1SFBSG/ref=cm_sw_r_tw_dp_x_NdCDFb5KZ6JYN

Видео Why Waiting for Interest Rates to Drop More Could Cost You | #bitesize Ep15 #costadelsol канала Cloud Nine Spain