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Euribor Above 2% for First Time in 2 Years

Euribor (12 months), the interest rate generally used to calculate mortgage repayments in Spain, rose to 2.086 in April, a change of +8.4% compared to the previous month, and the first time Euribor has been above 2% since February 2009.

On an annualised basis, Euribor is 70.3% higher than it was a year ago (see graph above), meaning higher monthly repayments for borrowers with mortgages resetting now.

Repayments for a typical mortgage (150,000 Euros, 25 years, Euribor +0.25… full article

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€ 247,500 - Town house in Colmenar

Ref: 242
Built: 250 m² Bedrooms: 7 Electricity: Yes
Terrace: 16 m² Bathrooms: 2 Water: Yes
Land: 75 m² Pool: No Phone: Yes

Two for the price of one! This property in Colmenar comprises of two apartments with one entrance. Ideal for two families or if you are considering starting a B & B here. The downstairs apartment needs internal redecoration, but the upstairs apartment is ready to move in to. The property has a large patio of 75 square metres. There are five bedrooms in total, but two other rooms, a second salon and a large garage, could easily converted into two more bedrooms, bringing the total up to seven.

The property is located in a quiet street near the centre of the village of Colmenar, also known as the Capital of the Montes de Malaga. This is where you'll find all amenities, such as shops, bars, restaurants, schools, a 24/7 medical centre, public transportation, an internet shop and so on. If you have young children, the schools in Colmenar are excellent and are now more accustomed en adjusted to foreign students.

From Colmenar, the possibilities for things to do are endless. The city of Málaga with its beautiful historic town centre is only a 25 minutes' drive away, as are the international airport and the Mediterranean beaches. Granada or longer drives to Seville, Cordoba or even Portugal are within range.

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