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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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€ 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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