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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 Benalmadena Costa

Ref: 344
Built: 220 m² Bedrooms: 4 Electricity: Yes
Terrace: 100 m² Bathrooms: 3 Water: Yes
Land: 500 m² Pool: Yes Phone: Yes

Detached villa located at the corner of a street in a quiet area of Arroyo de la Miel on the Costa del Sol. The villa has a spectacular unobstructed view of the 18 hole Torrequebrada golf course and de Mediterrenean Sea, and enjoys the best climate in Europe.

The villa comprises of a main residence with living room, dining room, kitchen, two bedrooms, one bathroom with jacuzzi, a large conservatory and a spacious terrace. The large windows make the villa spacious and light. Downstairs are two separate apartments, each with one bedroom and one bathroom, which are ideal to receive guests or to let as holiday accommodations.

The total built surface of the villa is 220 square metres. The house is surrounded by a walled landscaped garden of 500 square metres, and a private swimming pool. There is ample parking space. The villa is in excellent condition.

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