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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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€ 222,500 - Villa in Colmenar

Ref: 410
Built: 118 m² Bedrooms: 3 Electricity: Yes
Terrace: 35 m² Bathrooms: 2 Water: Yes
Land: 10,000 m² Pool: No Phone: No

If you are looking for a villa in a unique location, than you have to come and see this one. This newly built villa has lots of unusual features, such as the chimney against the outer wall or or the beam-covered front porch. The villa has three spacious bedrooms, two bathrooms and a large living room. you'll only have to have a kitchen installed. See floor plan.

The villa has good access over a track of less than one kilometre from the main road between Colmenar and Riogordo. That means that you get to choose where you want you go for all your daily necessities. In other words a really central location, with both villages only a 5 minutes' drive away. You can reach the city of Malaga, the airport and the coast in 25 minutes.

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