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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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€ 115,000 - Town house in Colmenar

Ref: 385
Built: 115 m² Bedrooms: 2 Electricity: Yes
Terrace: 45 m² Bathrooms: 1 Water: Yes
Land: 0 m² Pool: No Phone: Possible

This is a cosy village property for a sharp price in Colmenar. A great Spanish home for your holidays in this typical pueblo blanco, also known as the capital of the Montes de Malaga, the large natural park between Colmenar and Malaga.

This is a really charming village house in Colmenar. It is ready to move into, and has just had a brand new fitted kitchen installed. The house comprises a living room, a dining room, a kitchen, two bedrooms and a bathroom on 115 square metres. See the floorplans: ground floor, first floor, and second floor. You'll have your own indoor parking and two large roof terraces, with lots of sunshine and great views over the red roofs of the village. The furniture is for sale as well.

In Colmenar you'll find everything you need, from grocery stores to furniture shops, from banks to medical care, supermarkets, restaurants, bars, schools, a second-hand book store, an internet shop cetera. There is a regular bus service to the city of Malaga, which you can reach by car in 25 minutes, just as the international airport or the beach.

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