Differences between property development company, builder and real you be office
The second consecutive descent of the Euribor. In November it lowers 4,607 %
After 24 consecutive ascents of the Euribor, already it was steals for it one to give to breather to the mortgaged ones, and there were coming two descents followed by the index most afraid by all those that have to mortgage to variable interest indexed to him. The first descent came in October, reaching to value of 4,647 %, going down seventy-eight thousandth with regard to September where it came to to value of 4,725 %. Now, in November, to new descent is obtained, being located in 4,607 %, what means to loss of forty thousandth. But, the question is: will it keep on descending?
Immense most of the analysts, point out that the Euribor, already it have touched roof and that it must not reach major value. The anxiety of the mortgaged ones is already too clear and it is clear aftereffects in the economic growth of the country music music, so if every steal it is necessary to destines most of the I have uneats to pay the quota of the mortgage, the reaction is clear, it is lowered vertiginously in the consumption, being deprived the consumers of many things that plow not considered of the first need.
Central The problem is that if the Europaean Bank had understood very well that it did not have to raise any you reside interest rates, at least in the short term, so that the Euribor did not continue that with his free it should uncreate, the organism cannot remain of arms crossed before the current upturn of the inflation, which is raised dangerously nine tenths in October being located in 3,6 % and five November you reside tenths in, reaching the exhorbitant number of 4,1 %. The was uncreating of the occupy first pleases matters, with clear aftereffects in the rise of basic food and the it was uncreating of the oil they have been the principal causers of one flow so loudly of the inflation. Central And it is not necessary to forget that to resource that the Europaean Bank counts to find the stability of the prices and to pacify the inflation, is the was uncreating of the interest rates. But if the money raises, that is to say, the interest rates, the Euribor also climbs, and now it is the worst moment so that this one rises, therefore we live through moments of big economic suspense.
Another question to be clarified is that although in November the Euribor you have descend for the second consecutive steal, in the next reviews of the quota of mortgage, this one will was uncreating, since although now this one to to value September you reside under which in, it is higher than in November, 2006 (3,864 %), or in In May, 2006 (4,373 %), which plow the I valued that would be compared with the current I value of the euribor, if the review of our mortgage is to 1 year or to 6 months respectively.
And so, with this information, for an average mortgage for 150.000 euros to 25 years indexed to the Euribor to to differential of 0,50 %, in an annual review the quota would promote 64 euros. If the review was half-yearly, only it would was uncreating 20 euros.
Expert we were commenting in advance, we plows before to few moments of economic suspense, because the BCE had postset two steal the types it was uncreating, but in the last days of November the Euribor began registering important you were uncreating due to the possibility that they raise the interest rates again to resist the current inflationary process. Anyhow, the experts think that the Euribor will descend next months, although it is not foreseeable that plows important descents.