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Deconfinement Process in Spain – (Part 3)

Deconfinement Process in Spain – (Part 3)

The 45,000 residents of the four Spanish islands that are leading the way towards the so called “new normality” entered Phase 2 of Spain’s coronavirus de-escalation plan this Monday. People living on the Balearic island of Formentera, on the Canary Islands of La Graciosa, La Gomera and El Hierro, are now able to take walks […]

The European Court’s response on IRPH mortgages has been announced, which will now lead to a flood of complaints.

The European Court’s response on IRPH mortgages has been announced, which will now lead to a flood of complaints.

Many mortgages in Spain are affected by IRPH (Mortgage Loan Reference Index). This index, unlike EURIBOR, has remained constant and kept rising, making loans more expensive without the possibility of benefiting from EURIBOR’s significant decreases. The IRPH, even today, is two percentage points above, while EURIBOR’s figures remain negative. The Judgement by the European Court of […]