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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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€ 230,000 - Country house in Comares

Ref: 526
Built: 215 m² Bedrooms: 5 Electricity: Yes
Terrace: 100 m² Bathrooms: 4 Water: Yes
Land: 630 m² Pool: Yes Phone: No

This is a large semi-detached country house, big enough to be split up in three separate dwelling. It gives the house the atmosphere of a detached property: it is quite private. There are no less than three kitchens, and if you need only one, you can convert the other two in bedrooms, for example, or a dining room and study.

Of course the property offers excellent rental opportunities, but it would also be extremely suitable for anybody looking for a large family home. The house stands in a sheltered location and enjoys a good micro-climate. If you are going to be here in the winter, you'll spend lots of time out in the garden. There is enough land to create a Mediterranean garden, or extra parking space. The views are beautiful.

In this large family home you're out in the countryside but not totally on your own, because there are several other houses around. The Spanish neighbours that we met were all very friendly and welcoming. The drive to the picturesque Spanish mountain village of Comares takes about 7 minutes, so you have all amenities close by. The airport, the beach or the city of Malaga cann all be reached in 45 minutes.

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