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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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Sold - Finca in Alhama

Ref: 334
Built: 198 m² Bedrooms: 4 Electricity: Solar
Terrace: 75 m² Bathrooms: 1 Water: Well
Land: 30,000 m² Pool: Yes Phone: No

Beautifully located finca with original access in the country, at about ten kilometres from Alhama de Granada. A track takes you through the woods to your own private valley, where you'll discover this well-kept property, which you wouldn't want to change much about. Power is supplied by solar panels and the refreshing water comes from your own well. Back to the basics, we say jokingly, but if that is what you are really looking for, then this is where you'll find it.

There are no direct neighbours, so you are guaranteed to have all the space and peacefulness to yourself. The house is located right in the middle of a natural park, which holds the promise of a wealth of new discoveries. There are lots of fruit trees on the land surrounding the house and the views reach to mountain so high, that its peak will be covered in snow in winter.

The property has commercial potential, for example to let as a holiday home. Living here is just a great everlasting experience that you really ought to have lived through.

Alhama de Granada is a pretty, ancient spa town located approximately 50 kilometres from Granada. It is perched precariously at the top of a ravine from where the Rio Alham carves through otherwise rolling countryside. The therapeutic, thermal springs at the Alhama´s Balneario have been channelled into baths since Roman times. There are 6,000 inhabitants in the town, and its picturesque location and thermal springs attract many visitors.

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