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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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€ 222,500 - Country house in Riogordo

Ref: 260
Built: 185 m² Bedrooms: 6 Electricity: Yes
Terrace: 100 m² Bathrooms: 2 Water: Yes
Land: 7,000 m² Pool: No Phone: Yes

This authentic property has a lot of character, is well maintained en ready to move in to. It doesn't have real views, but if you are looking for a property with the best the Spanish climate has to offer, then this is your home. Most of the land is flat and very fertile. Part of it is in use as a kitchen garden and another part, down by the river with regulated water supply, is planted with your own citrus trees. You can eat fruits and vegetables from your own garden practically all year round.

The house is much bigger than you would think it is and actually comprises of two houses and has indeed two entrances. This would make it a suitable to live in for two families. Or you could run it as a guest house or small B&B.

The access to the house is not bad, but takes getting use to: a track of about one minute. The property is in a rural location, situated at a five minutes drive from the village of Riogordo. There you will find all amenities. The drive to the quieter beaches will take about 30 minutes.

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