Euribor goes up yet again, closes at 4.253%

Comments: Open Sunday 6th May @ 8:50pm

At the end of April and pending official confirmation from the Bank of Spain, Euribor, the main base rate used for the calculation of mortgage repayments, has reached a new high of 4.253%.

This figures sees an increase of 0.147 points on the March figure and shows an overall increase of 1.032 against the figure for April 2006 of 3.221% and an overall increase of 32% since last year.

This new increase will mean that on your average mortgage most people will have to find an extra €80 a month or €960 a year.

Find out more about Spanish Mortgages with our comprehensive guide.

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