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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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€ 293,000 - Villa in Colmenar

Ref: 534
Built: 112 m² Bedrooms: 3 Electricity: Yes
Terrace: 0 m² Bathrooms: 2 Water: Yes
Land: 9,640 m² Pool: Yes Phone: No

At walking distance from the village of Colmenar is this well-built property with lots of space around the house. Separate from the house is a garage as well, than can be converted into a guest apartment. From holiday home to permanent residence, this property can be anything you want it to be.

The property was built in a modern and functional style. The house comprises a living room with semi-open, fully fitted kitchen, three bedrooms and two bathrooms. The house has a solid foundation and is absolutely damp-free. The garden is south-facing, and from the living room you can watch the sun set.

Outside you'll find the swimming pool and a covered terrace, where you can chill out in the summer. The property can be reached via a relatively short track, the last part of which has been concreted, allowing even the less experienced driver to reach the house without problems.

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