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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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€ 156,000 - Town house in Riogordo

Ref: 499
Built: 130 m² Bedrooms: 3 Electricity: Yes
Terrace: 30 m² Bathrooms: 1 Water: Yes
Land: 66 m² Pool: No Phone: Yes

This property is located in a nice and quiet street with ample parking space. The entrance gives onto the living room, so no space is wasted on hallways and extra doors. And although the house may look small at first sight, in reality it is absolutely not.

The house is ready to move into, the don't have to do a thing to it. And although the bathrooms is somewhat old-fashioned, it does provide a certain charm to the house. The property consists of a living room, a spacious and fully fitted kitchen, three bedrooms, one bathroom, a roof terrace and a garden cum patio. The property is well maintained.

Out in the patio is the summer kitchen, a welcome addition in this climate. It is a pleasant space where you can go out on warm summer nights with your family, friends or guests while you do the cooking. It's a good way to keep the heat out of the house and to enjoy life in Andalucia. The village of Riogordo is about half an hour's drive away from the city of Málaga and the coast. The airport will take a further fifteen minutes.

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