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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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Sold - Villa in Colmenar

Ref: 489
Built: 143 m² Bedrooms: 3 Electricity: Yes
Terrace: 75 m² Bathrooms: 2 Water: Yes
Land: 7,000 m² Pool: No Phone: No

This is one of those properties we can never get enough of: a rural country villa offering the best of two worlds. Its location right next to a natural park guarantees your piece and quiet, while the bustling little town of Colmenar is only a four minutes' drive away. And if from time to time even that is too quiet for you, the Costa del Sol is only thirty minutes away.

The house has been renovated and enlarged, and is in excellent condition. The house comprises a new, very spacious living room, a kitchen, three bedrooms, and two bathrooms. Outside there are several terraces, and enough land to satisfy all your gardening needs. Imagine having a sub-tropical orchard here, or some live stock.

This is rural Andalucia at its best. If you've always been dreaming of your own place under the sun, than do yourself a favour and come and view this charming villa. Access to the house is over a small sand track, tacking you to a nearby tarmac road. From there, it's only a five minutes' drive to access Andalucia's excellent network of motorways, taking you to historic places such as Granada, Cordoba, Malaga, and Seville. And to the coast, of course.

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