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It’s Euribor-row Time!

It’s Euribor-row Time!

It has just been announced by the BBC that the European Central Bank has just slashed it’s benchmark interest rate, known as the Euribor rate, to 0.15% from 0.25%.

Why is this important? Because the Euribor rate is the interest rate used when you take out a mortgage in Portugal. So, if you have been waiting for the prices to go down, or the market to improve, or for any other reason at all, wait no longer! Now is the time to get your finance and buy your property. With properties still undervalued and the interest rates at record low levels, there is no excuse and no better time to buy!

 

For more information on buying property in the Algarve and acquiring a Portuguese mortgage, please contact our Account Managers on 0800 133 7644 or enquiries@idealhomesportugal.com, or visit our website www.idealhomesportugal.com

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