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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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€ 234,500 - Villa in Colmenar

Ref: 295
Built: 130 m² Bedrooms: 3 Electricity: Yes
Terrace: 20 m² Bathrooms: 1 Water: Yes
Land: 25,000 m² Pool: Yes Phone: No

An attractive country villa, newly built in Spanish style. The house comprises a spacious livingroom with open fireplace, a fitted and tiled kitchen, three double bedrooms, a fully fitted and tiled bathroom with shower, and a large integral garage which could easily be converted into a fourth bedroom with ensuite bathroom, or a separate dining room.

The property sells with approximately 25,000 square metres of land, planted with olive and almond trees. The house has a private entrance off a track of about 4 kilometres, ample parking space, a sun terrace, a BBQ area, and of course a tiled swimming pool.

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