2017 is already here and it's your turn to make your new year's resolutions come true. Going to the gym, dieting or starting to run every afternoon are some of the most common resolutions. But, have you thought about buying a new home this year? At our real estate office in Barcelona, we want to invite you to take this possibility into account because of the many advantages you can enjoy from it.
Firstly, you should keep in mind that the first months of this year will be the last in which you will have the opportunity to get a mortgage at variable rates. The best rate on offer is well below 1 per cent. This is undoubtedly a very desirable option if you are planning to increase your income soon or you are certain that you can pay off the mortgage in a relatively short period of time.
However, if this is not the case, banks are also offering excellent deals on fixed rate mortgages that are well below 2 per cent. Obviously, the Euribor situation, which has shown negative values during the last few months, will not always remain this way. Therefore, this alternative, in the long term, is ideal for those who can be tied down to a mortgage for 20 or 30 years. You may at first pay interest but in a few years, you will make exceptional savings.