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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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€ 558,500 - Villa in Mijas Costa

Ref: 417
Built: 150 m² Bedrooms: 4 Electricity: Yes
Terrace: 150 m² Bathrooms: 3 Water: Yes
Land: 880 m² Pool: Yes Phone: Yes

In a quiet neighbourhood at about six minutes' distance from the Mediterranean Sea stands this well-kept detached property. The house has a very Andalucian atmosphere, and because of its location it enjoys a very favorable micro-climate. The kitchen is fully fitted to very high standards and will be a pleasure to prepare your meals in. To Spanish standards, the living room is unusually large, but we're quite sure you won't mind that. It's actually so large that we couldn't catch it all in one photo.

The urbanisation has a large communal swimming pool, but the property has a private swimming pool as well. There is a landscaped garden around the house, where you'll also find a separate guest house. All large stores can be reached within 5 minutes, so you'll literally have everyting at hand, including a large selection of good quality restaurants. And although this neighbourhood is very quiet, the hustle and bustle of the Costa del Sol is only a stone throw away.

This bit of Andalucia is very in demand and the population is quite mixed, offering an interesting fusion. That's reflected in the cultural and social life around here. If you love to play golf, you can have your share of fun on any of more than 25 golf courses in this area, three of which in the very town of Mijas.

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