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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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€ 175,000 - Town house in Colmenar

Ref: 487
Built: 180 m² Bedrooms: 3 Electricity: Yes
Terrace: 20 m² Bathrooms: 2 Water: Yes
Land: 70 m² Pool: No Phone: Yes

A really beautiful village house with a lovely garden and gorgeous views. Ready to live in and spacious in every way. That is the first thing you'll notice when you walk into this house. A perfect family home. It is located in a quieter part of the village of Colmenar. A lively little town with many shops, bars and restaurants.

With this property you'll have everything arranged for you and your family. So you can focus on your new life in Spain. Colmenar makes an excellent base of operations, whether you are looking for a job or good communication with the coast. Besides, the majority of the village population is Spanish and that is becoming rare in these villages so close to the Spanish Costa del Sol. The airport is only 25 minutes' drive away.

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