·             The Euribor, the main benchmark for mortgages, continues to decline following the latest rate cuts by the European Central Bank (ECB). It is currently at around 2.7%, and experts expect it to continue to fall, with a possible floor at the end of 2025. This trend is positive for mortgage holders, who will see a reduction in their monthly payments in the coming months.

The ECB has indicated that it will continue with the cuts at its meetings until the summer of 2025, which will bring the Euribor below 2% at the end of next year. This drop represents a relief for homeowners who have mortgage reviews coming up. For example, those with a 140,000 euro mortgage over 30 years could see a reduction of almost 150 euros in their monthly payment.

However, analysts warn that the cycle of reductions could come to an end at the end of 2025, with rates stabilizing around 1.5% or 2%. This creates a window of opportunity for those planning to purchase a home or renegotiate their mortgage. If you are looking to purchase a property, now is a good time to take advantage of favorable conditions before interest rates stabilize.