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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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€ 149,500 - Villa in Colmenar

Ref: 454
Built: 80 m² Bedrooms: 3 Electricity: Yes
Terrace: 10 m² Bathrooms: 1 Water: Yes
Land: 1,000 m² Pool: Yes Phone: No

This property is situated in a secluded location with beautiful views along a track of about one kilometre. It doesn’t require any work immediately, but you will want to do something about the kitchenette, which is really very small right now.

This is a typical Spanish-owned family weekend home, which has its reflection on the rustic atmosphere of the house. Everything has been done to make it a nice place to comfortably spend the weekends. The tangerine trees and sugar canes around the house give the place a real tropical atmosphere.

The little town of Colmenar is approximately 6 minutes drive from the property, so all amenities are really close by. Colmenar offers excellent communication with the city of Malaga, allowing you to drive into the centre of the city in less than half an hour. Price-wise this is a extremely good deal for the area the house is in.

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