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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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€ 166,000 - Town house in Almogia

Ref: 286
Built: 116 m² Bedrooms: 3 Electricity: Yes
Terrace: 44 m² Bathrooms: 1 Water: Yes
Land: 86 m² Pool: No Phone: Yes

A very tasteful village house in the typical Andalucian white village of Almogia. It was fully restored recently preserving the authentic character of an Andalucian village house. Throughout the house the same easy to clean floor tiles were used. The ceilings have pretty beams and the front door is made of solid wood with big forged rivets.

The house has a spacious living room with free views of the village, a brand new fully fitted kitchen, 3 bedrooms, one bathroom and an extra separate toilet. A large stone flight of stairs lead from the patio to the roof terrace, where you can enjoy the beautiful views of the village, and the mountains and valleys surrounding Almogia. It is almost as if you're in the countryside.

Almogia is a typical pueblo blanco, that is larger than it seems at first sight. It is built up against a hill, and that's why you can never really overlook the whole village. A walk through the village easily turns into a voyage of discovery, on which you'll encounter different little shops and bars every single time. Driving to the city of Malaga or the beach will take roughly 25 minutes and will take you through citrus groves.

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