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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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€ 215,950 - Villa in Colmenar

Ref: 365
Built: 100 m² Bedrooms: 3 Electricity: Yes
Terrace: 20 m² Bathrooms: 1 Water: Yes
Land: 2,600 m² Pool: No Phone: No

A brand new villa on a lovely plot in the countryside near the picturesque village of Colmenar. The villa has a spacious lounge with a fireplace, a kitchen, three bedrooms, and one bathroom. As is customary with newly built houses in Spain, the kitchen is not installed which would allow any purchaser to choose the style they wanted. The house has traditional terracotta tiles throughout.

There is space for a swimming pool which would have spectacular views to the town of Riogordo and the mountains. The property has excellent access off a tarmaced road, which means there are no tracks, through a private entrance with double gates. Ideally situated in the countryside. You can drive into Colmenar in just 10 minutes, and on to Malaga, the airport and the coast in half an hour.

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