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Euribor At Lowest Level On Record

Euribor (12 months), the interest rate normally used to calculate mortgage payments in Spain, fell 0.6% in February compared to the previous month. Euribor now stands at 1.225%, the lowest level on record. Euribor is 43% down over 12 months, and 77% down from its all time high of 5.393% in July 2008.

As a consequence of the latest reduction in Euribor, repayments on a typical annually resetting mortgage (150,000 euros, 25 years, Euribor +0.75%) will fall by around 65 Euros a month, or… full article

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Sold - Town house in Colmenar

Ref: 238
Built: 100 m² Bedrooms: 3 Electricity: Yes
Terrace: 30 m² Bathrooms: 1 Water: Yes
Land: 0 m² Pool: No Phone: Yes

A solid, traditional village house, very suitable as a holiday home or permanent residence. From here you'll have wonderful views over the red-tiled roofs of the village of Colmenar. The centre of this typical Andalucian village is at half a minute walking distance. There is no traffic in the street in front of the house, and that makes it a very quiet spot.

The kitchen has its own little patio, always useful to store thing or to have potted herbs. There is a little terrace in front of the house, which allows you to dress up the house a little with pots and plants. There is a separate storage room, the former donkey stable, that you can use to keep your burning wood or to store all kinds of other things.

Colmenar is famous for its quality salchichones. Every butcher in the village sells his own, home-made sausages using his own secret recipe. Sausages from Colmenar are renowned far beyond the village. Their market stretches as fas as the big supermarkets down at the coast.

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