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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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€ 285,000 - Villa in Colmenar

Ref: 498
Built: 200 m² Bedrooms: 3 Electricity: Yes
Terrace: 100 m² Bathrooms: 2 Water: Yes
Land: 20,000 m² Pool: Yes Phone: No

A newly built country home with lots of space and beautiful views, and only a stone throw away from the Montes de Málaga natural park. The house is built in a modern but typically Andalusian style, but far more spacious than normal. So if you always wanted an extra large living room or spacious bathrooms, then this is your chance. The villa comprises an extra large living room with a fireplace and beamed ceilings, a very large kitchen, three huge bedrooms and two really spacious bathrooms.

Outside is a large terraces almost all around the house, with incredible views. Here you'll also find a covered summer kitchen with barbecue, worktop and sink, so you can prepare your meals in summer outside in the shade. And if things get to hot despite all this, then why don't you take a refreshing dip in the pool?

Montes de Málaga natural park is an oasis of peacefulness, where you can walk for hours without seeing another human being. And because most of the paths are wide and flat, and not at all steep, this is great for cycling too. Just enjoy the scenery, the flora and the fauna. Or go on and adventurous night-time walk, when you may encounter owls, foxes and wild boar.

The village of Colmenar is only minutes away, so all necessary amenities are close by. Colmenar is a typically Spanish village, bustling with live, with lots of people out in the streets, with at least twenty bars and restaurants, a medical centre, a pharmacy, a dentist, schools for primary and secondary education, supermarkets, and excellent public transport to the city of Málaga.

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