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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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Sold - Country house in Concepcion

Ref: 439
Built: 190 m² Bedrooms: 4-7 Electricity: Yes
Terrace: 0 m² Bathrooms: 2-4 Water: Yes
Land: 20,000 m² Pool: No Phone: Yes

This is a plain and simple farm house, but if you have the right ideas this will be paradise. Just look at the main photo with the overview of all buildings. Now imagine the area between the house and the stables changed into terracotta tiled terraces with subtropical flower beds. All the walls rendered, the roofs all neatly tiled with tradicional andalucian red tiles, with grape vines and bougainvillea growing lavishly.

Farmers usually just don’t turn pig or horse stables into luxurious accommodation. That’s why the animal quarters here are just the way they are at this farm. But considering the total constructed surface in stables, this truly is a farm with rental possibilities. The property is located down a 2 kilometre track, meaning that your peace and quiet will be guaranteed here.

Although part of the house has been done up inside to bring it up to modern standards, you will want to reserve part of your budget for further renovation works. But then you get to do it exactly the way you want it.

If you enjoy having some livestock, this property offers lots of possibilities with its original animal quarters. But of course you could also turn them into guest apartments, if you prefer to generate a rental income. We can envision at least two more apartments in the buildings opposite the main house. That would bring the total up to three, because there’s already a spacious one bedroom apartement currently in use. That apartment is attached to the main house but has its own entrance.

The main house currently has three besrooms, and another room which could be turned into a bedroom. If you’d rather have a larger living room, you could achieve that by sacrificing one bedroom. The remaining two bedroom offer enough space to put in a full size bathroom.

On the drive to this property you’ll notice just how much farming is still going on around here. There are golden corn fields everywhere, and goat herds are a regular sight. All this against the back drop of the majestic El Torcal natural park. The city of Malaga is 50 to 55 minutes by car, and Malaga’s international airport can be reached withing an hour’s time.

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