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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 Montes de Malaga

Ref: 391
Built: 90 m² Bedrooms: 2 Electricity: Yes
Terrace: 0 m² Bathrooms: 1 Water: Yes
Land: 8,000 m² Pool: No Phone: No

This semi-detached property located at the edge of the Montes de Malaga natural park is really a very special house for people who love nature and mountains. The property gives you the opportunity to get away from the hustle and bustle of the real world. If you are looking for a place to escape to and relax in absolute privacy, then you should really come and view this property.

It may not immediately look like one, but this house has the atmosphere of a hunter's cabin. It still needs to have a kitchen fitted, and given the location of the property we would suggest a simple kitchen in one of the corners. Just keep it plain and simple. The property is actually not difficult to drive to. There is quite a bit of track to negociate, about 4 minutes, but you do get a lot in return for that. The house would also make an exceptionally interesting holiday home. The drive to the nearest village, Colmenar, takes about 8 minutes.

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