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How the mortgage market will evolve in 2020
19 December, Idealista
Despite the declining trend of mortgage rates expected to end at the beginning of 2019, rates turned out being the most convenient ever. Due to the extension of the QE (Quantitative Easing) by the ECB, rates, in fact, reached an all-time low.
Concerning 2020, mortgage rates will likely remain low for most of the year. New mortgages are expected to reach 53-55 billion in total, registering a slight increase from the current year. Meanwhile, households will have easier access to credit thanks to the improvement of the economy on the overall and the good funding conditions. The ECB monetary policy doesn’t prefigure any radical change in the short- and medium-term.
Source: Idealista
Translator: Cristina Ambrosi