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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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Sold - Town house in Sedella

Ref: 420
Built: 40 m² Bedrooms: 1 Electricity: Yes
Terrace: 12 m² Bathrooms: 1 Water: Yes
Land: 0 m² Pool: No Phone: Yes

A beautifully restored, traditional village house with original beamed ceilings. It comprises a living room with fire place, a kitchen, a light bedroom, a bathroom, and a roof terrace. The house is located in one of those little typically Moorish street with no traffic, and you can park you car a bit further down the road. An ideal holiday home, or a pied-a-terre in the mountains, but also a very suitable buy-to-let.

This town house can be bought as part of a package with village house 419 and village house 421 . If you are interested in buying two of them, or the whole lot, then we can offer you a substantial discount.

The house is in a quiet spot in the village of Sedella, at about half an hour from the coast. Sedella is a typical Moorish town, filled with examples of Mudejar architecture, with narrow and winding streets that carry the stamp of the Moorish village. Its altitude provides wonderful views over the beautiful countryside around the village, and from here one can see the Sierra Tejeda Mountains, the Mountains of Bentomiz and one clear days, the Atlas Mountains across the Mediaterranean.

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