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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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On application - Villa in Colmenar

Ref: 251
Built: 150 m² Bedrooms: 3 Electricity: Yes
Terrace: 125 m² Bathrooms: 3 Water: Yes
Land: 500 m² Pool: Yes Phone: No

A beautiful property at a breath-taking location near Colmenar, offering real value for money. An exceptional property, too, since there are not many contemporary country properties on two floors. A spacious and bright house with a living room, a kitchen, three bedrooms and three bathrooms, a lovely roof terrace and of course a private swimming pool. The house has a good microclimate at the sunny side of Colmenar, where the temperatures always are a few degrees centrigrade higher than elsewhere.

The property has very good access, a few kilometres down the road from 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. 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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