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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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€ 168,500 - Town house in Riogordo

Ref: 542
Built: 115 m² Bedrooms: 3 Electricity: Yes
Terrace: 110 m² Bathrooms: 1 Water: Yes
Land: 0 m² Pool: No Phone: Yes

Typical village house, renovated in Spanish style, with a large patio that gets lots of sunshine. This cosy home offers a lot of living space, both inside and out. Riogordo is a predominantly Spanish village, but foreigners are welcomed here and you'll feel that you belong in no time. All dayly necessities (and more) can be bought here.

Riogordo is centrally located in the valley, at about 8 minutes from the motorway to Malaga. The drive to the airport takes about 30 minutes. The beaches are at a similar distance. Alternatively, you can take the old road to the coast, which will take you past avocado trees, mangoes, orange and citrus groves. It doesn't get more Mediterranean than this.

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