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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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€ 75,000 - Country house in Tocón

Ref: 465
Built: 125 m² Bedrooms: 3 Electricity: No
Terrace: 0 m² Bathrooms: 0 Water: No
Land: 14,000 m² Pool: No Phone: No

The house is not ready to live in right now, so you’ll have to reserve some extra budget to renovate it. But then it will be exactly the way you want it. The reward of a longer track is the piece and quiet you’ll find every time you come home. Part of the land around the house is flat, and perfectly suitable for a horse or a donkey.

The drive to the house is a feast of discoveries, so we’ve included some general photos of the surroundings to give you a full impression. It is a stunning area, and the views of the snow-covered peaks of the Sierra Nevada are truly breath-taking.

A quaint little railway station, with regular service to the city of Granada, is only a 15 minutes’ drive away. You can drive to Granada or its airport in less than 45 minutes. But even the city of Malaga, with it’s international airport and sunny beaches is only 50 minutes away.

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