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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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€ 215,000 - Country house in Trabuco

Ref: 539
Built: 150 m² Bedrooms: 4 Electricity: Yes
Terrace: 50 m² Bathrooms: 3 Water: Yes
Land: 1,000 m² Pool: No Phone: Yes

This authentic Andalusian farm house has been restored in style and is really worth viewing if you're looking the piece and quiet of Spanish country life, with an occasional chat with a friendly neighbour. The area is mountainous and stunning, dubbed the Pyrenees of the South for good reason. And although this really is rural Spain, the house is very easy to drive to.

This is an old farm house, completely renovated and ready to be used as a wonderfully large home or, if you want to, you could run it as a Bed and Breakfast right away, with four bedrooms on the first floor. There is one en-suite bedroom, and the other bedrooms share two bathrooms. And upstairs is a very spacious landing. Downstairs, the house comprises a spacious living room with wood burner, a separate dining or breakfast room - useful for your B&B, and a fully fitted kitchen.

In front of the house is a large piece of land, ideal for your Mediterranean gardening aspirations. There is also a covered area where you can store your burning wood, and a separate building of about 60 square metres. It's really a stable and would be great to keep some live stock. The rental potential is really in the main house. Finally, there is indoor parking space.

In this tiny hamlet, with only a handful of Spanish neighbours, you'll occasionally run into a friendly pig, owned by one of the neighbours. Or a couple of free-range chickens, experimenting with ecological gardening on your doorstep. That's what rural country life is about, the sensation, the sounds, the smells. It's all there: rural Spain at its best.

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