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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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Sold - Town house in Colmenar

Ref: 521
Built: 273 m² Bedrooms: 3-8 Electricity: Yes
Terrace: 30 m² Bathrooms: 0 Water: Yes
Land: 320 m² Pool: No Phone: Yes

A spacious town house with large garden and lots of possibilities. It does need redecorating, but it's worth the effort. Such a large garden as this is quite a unique feature for a village house in Colmenar. The property has the best views everybody is looking for, over the valley all the way up to the snow-capped mountains of the Sierra Nevada.

The house is ready to move in to. The living area is on the first floor, and on the ground floor you'll find two large rooms, suitable for commercial use, such as a workshop, a training centre, rental apartments or storage space. You could also start your own restaurant here, with a lovely terrace along the scenic road, view the same incredible views. If you're considering working from home, then this property has the necessary space and possibilities.

The house does require some work though, as it is a little outdated, especially when you look at the bathroom. But the kitchen has been done nicely, and part of the living space has already been redecorated.

The village of Colmenar is cosy and inhabited with people that appreciate the quick connection with the city of Malaga (20 minutes). Living here would mean that you are able to enjoy both: an easy and quiet rural live in the pleasant village of Colmenar and the totally different but also necessary hustle and bustle of the coastal areas, the city of Malaga and the airport very nearby.

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