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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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€ 196,000 - Town house in Colmenar

Ref: 467
Built: 160 m² Bedrooms: 3 Electricity: Yes
Terrace: 40 m² Bathrooms: 1 Water: Yes
Land: 90 m² Pool: No Phone: Yes

This village house underwent a true metamorphosis a few years ago, and now has some features that are quite unusual around here. Look at the living room, far example, with its enormous glass sliding doors, reducing the border between indoors and out to a mostly virtual one during those 300 sunny days per year. With the exception of the kitchen and the bathroom, the house has wooden floors throughout. Just as practical as tiled floors, but with a much warmer atmosphere.

The entrance hall is large and long, and gives access to three large bedrooms and a spacious bathroom. Especially if you’re looking for a property with larger bedrooms than usual in Spain, you really ought to come and view this house. The living room is split in two parts, with one part orientated towards the patio.

This South-facing patio has lovely dimensions, and if you want to, there is enough space to put in a pool. The walls surrounding the patio are real heat catchers in winter, allowing you to sit outside during most of the year. The roof terrace offers breath-taking views over the valley of Colmenar, the soft rolling hills and the bare mountains beyond. You would almost forget that this is a town house.

A village such as Colmenar offers a real Spanish ambiance, but the people here are ready for us foreigners. You’ll notice that when you’ve visited the same bar or restaurant more than a few times, and you’ll be considered part of the furniture. It’s a typical village in that respect, where everybody knows each other, whether you’re from Spain or elsewhere.

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