The economic outlook has changed radically in just over a year. From summer 2022 until this September, the eurozone has experienced an unprecedented scenario in its history: a vertical rise in interest rates, which have gone from moving at historic lows of 0% to 4.5%, very close to the record. of the year 2000.

This has been the response of the European Central Bank (ECB) to the escalation of inflation, which has reached double digits in many countries in the common currency area, to fulfill its great mandate: that prices rise to a rate close to 2%. A movement that has had a direct impact on the mortgage market: from the difficulties of thousands of households to face the new installments of variable loans due to the rise in the Euribor to the increase in early repayments, changes in mortgage conditions or the push for the mixed rate.

Although everything indicates that the cycle of increases and the escalation of the Euribor are close to an end, experts say that the uncertainty is such that the future cannot be predicted. In this round table, we brought together idealista/mortgages, IE Business School and Banco Santander to explain why the scenario is so complex, how the market will behave in the coming months and what families should take into account when Consider a change in your mortgage loan. Despite the situation of maximum uncertainty, they see reasons for optimism and defend that Spain's position is much more solid than in previous crises.

Published by: Idealista/News

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