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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: 421
Built: 111 m² Bedrooms: 4 Electricity: Yes
Terrace: 17 m² Bathrooms: 1 Water: Yes
Land: 0 m² Pool: No Phone: Yes

A beautiful old village house with stunning views from the roof terrace. It's definitely suitable as a permanent residence. It comprises a living room, dining room, kitchen, four bedrooms, one bathroom, a storage room and a utility room. The basement comprises of one room with two windows and a separate entrance, and could easily be turned into a small apartment, or just an extra bedroom with en-suite bathroom.

The house has an interesting layout in an L-shape over three floors. You can't park right in front of the house, but there is parking space some 30 metres away. This town house can be bought as part of a package with village house 419 and village house 420. If you are interested in buying 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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