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Housing Bubble In Spain

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To Rent:

Seville, centre

apartment 110 m2

3 bedrooms

2 bathrooms

700 euros/month


to buy:

Seville, centre.

apartment 118 m2

3 bedrooms

3 bathrooms

Price: 349.000 euros


mortgages (30 years) - 110% (385.000 euros) = 1.750 euros/month (euribor 2,7%) 2.210 euros/month (euribor 4.7%)

To rent = 700 euros/month. To buy = 1.750 euros/month (30 years).

It is a housing bubble.

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