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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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€ 238,500 - Villa in Comares

Ref: 447
Built: 100 m² Bedrooms: 3 Electricity: Yes
Terrace: 200 m² Bathrooms: 1 Water: Yes
Land: 2,687 m² Pool: Yes Phone: No

The last house of a small group of properties at the end of a track of about one kilometre. The views are open and beautiful, and the famous microclimate of the Montes de Malaga will let you get the best out of the Spanish winter here. The villa was built four years ago, and that means that there are still six years of official warranty remaining.

The villa has a central hall that gives access to all rooms. There is a spacious, light living room with wood burner, a new and fully fitted kitchen, three bedrooms and one fully fitted bathroom. The kitchen is large enough to accommodate a dining table and can therefore be used as a dining room. There is enough space in the bathroom for a washing machine. Outside, close to the swimming pool, is a covered terrace offering dappled shade, ideal to enjoy a summer barbecue with friends and famliy.

The house is completely surrounded by large terraces and a sizeable plot. It's really a place where you wil spend a lot of time outside. There is sufficient space for a lovely garden and one spot in particular would be ideal for a vegetable garden. In a place like this you can easily grow all kinds of subtropical fruits, such as mango and avocado, oranges and passion fruit. Just take a look at our webpages about gardening in this Mediterranean climate.

There is more to the location of this villa than just the views and the climate. It's in a quiet spot in the countryside and yet centrally located. It will take you about fifteen minutes to reach the motorway, and from the you can drive to the airport , the city of Malaga or the beach in half an hour. The villa is about ten minutes away from Colmenar, where you can find just about anything you need in daily life: supermarkets, shops, bars, restaurants, schools, a medical centre, an internetcafe and much more.

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