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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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Sold - Country house in Casabermeja

Ref: 289
Built: 240 m² Bedrooms: 5 Electricity: Yes
Terrace: 190 m² Bathrooms: 3 Water: Yes
Land: 2,990 m² Pool: Yes Phone: Yes

Look at this beautifully restored Andalusian farm! This is what everybody is looking for, because it won't get any more original or authentic. So don't wait too long. Usually the most beautiful properties are at locations that are a bit more difficult to reach, but not so this one. There is a little tarmac road for local traffic past this finca near Casabermeja.

The house is semi-detached, but you'll hardly notice that because there is no lack of privacy. And besides, this property consists of three buildings: the main house of 120 square metres with 4 bedrooms, 2 bathrooms, dining room, living room and a fully fitted kitchen. Then there is a detached dwelling of 50 square metres, currently in use as a Bed & Breakfast. Completely separate from the house is a guest house with attached workshop, which could also be cconverted into a guest house, of 120 square metres.

The houses are in good condition and ready to move into. You could run this property as a lucrative B&B, although, in fairness, one of you will have to take on a job somewhere if you want to earn a good income. In a couple of years time, a new toll road will be constructed, more than a kilometre away from the property, which will further improve the access to and the viability of your future Bed & Breakfast. So be quick to contact us and arrange a viewing of this beautiful property.

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Colmenar
€ 299,950
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