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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 - Villa in Canillas de Aceituno

Ref: 339
Built: 160 m² Bedrooms: 3 Electricity: Yes
Terrace: 100 m² Bathrooms: 2 Water: Yes
Land: 15,000 m² Pool: Yes Phone: Yes

A spacious luxury villa in Spanish style and equipped with all modern conveniences. The house is five years old and comprises a large light living room, a separate dining room in the tower, a fully fitted kitchen, three bedrooms, two bathrooms and a fitness room. There is video and sound equipment by Bang & Olufson, a satellite receiver, telephone, fax and internet connection. If desired, the villa can be bought fully furnished.

Outside is a covered terrace with views of the Mediterranean and lake La Viñuela. Beside the house is the illuminated mosaic tiled swimming of 10 by 5 metres, and an outdoor shower. Next to the pool is a wooden octagonal arbour. This whole area is covered with solid natural stone tiles.

The land is fully fenced in with a 2 metres high fence of galvanised wire-netting which is closed with an electric sliding gate. The gate is operated via remote control and is fitted with a closed video system. From the gate to the house runs the driveway, which is about 150 metres long, paved with natural stone fitted with 15 stainless steel lights.

Behind the villa is a large vegetable garden and orchard with many fruit trees. One grows, among other things, oranges, lemons, grapes, pears, medlars, plums, melons, pomegranates, apricots, kiwis, blackberries, hazelnuts, figs, peaches and nectarines. All this is maintained by two gardeners, who work in exchange for part of the crops. The water that is needed for the garden comes straight from the mountains free of charge and is kept in a 50,000 litre water deposit.

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