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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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€ 95,000 - Country house in Montes de Malaga

Ref: 392
Built: 50 m² Bedrooms: 2 Electricity: Yes
Terrace: 0 m² Bathrooms: 1 Water: Well
Land: 14,000 m² Pool: No Phone: No

This cottage is in a very quiet location, down a longer track but with good access. You can move into it straight away, although you will want to do some work to it because it actually needs some maintenance. We're not talking about a huge, expensive project, that wouldn't even fit the style of the property at all.

The property stands in a valley that borders the Montes de Malaga natural park and from here there are several tracks right through the mountains to the sea. The drive over such a track to El Palo, a suburb of the city of Malaga, takes about 25 minutes, while it would take you 30 to 45 minutes over the normal traditional tarmac road.

This would really be the perfect hideaway to enjoy a well-earned holiday away from the hustle and bustle. Both bedrooms can accommodate double beds. And of course you could give the lean-to a second life.

There is no lack of outside space. Right next to the house is a large flat area, where you could grow your own vegetables or have a nice sun terrace. There is really still a lot of unused potential here. The property has a large water deposit, which is being fed by your own well down by the river. The house comes with quite a bit of land, although part of it is rather steepish, but an area of some 300 square metres directly around the house is easy to walk on.

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