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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 - Town house in Colmenar

Ref: 500
Built: 80 m² Bedrooms: 4 Electricity: Yes
Terrace: 20 m² Bathrooms: 2 Water: Yes
Land: 120 m² Pool: Communal pool Phone: Yes

A modern town house on two floors plus communal swimming pool, communal gardens and underground secure parking in a small new housing estate in Colmenar.

The house comprises a spacious and light living room with fireplace, a beautiful fully fitted kitchen with all appliances included, 3 double bedrooms with fitted wardrobes and air conditioning plus 1 single bedroom with air conditioning, 2 fitted and tiled bathrooms, one of which has a full size bath, and an entrance hall with marble staircase.

The house has a rear courtyard and a front sun terrace. Because this is in a new estate, the house has excellent access off surfaced roads, with all amenities within a short walking distance. Broadband internet access is readily available here.

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