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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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€ 75,000 - Land in Colmenar

Ref: 555
Built: 0 m² Bedrooms: 0 Electricity: Yes
Terrace: 0 m² Bathrooms: 0 Water: Yes
Land: 1,500 m² Pool: No Phone: No

A unique chance you build your new country villa in the countryside near Colmenar. In this small development, we have a number of plots available, all for the same price. Plot sizes vary from 1,500 to 2,066 square metres, all with incredible views.

The plots themselves are classified as urban land, which means that you can pretty much build what you want. The same rules apply as in the villages and towns. Built size of your new home is limited only to 10 percent of the plot size. Within that limit, you can have as many bedrooms as you like. You can also have an upper floor, and a swimming pool. And because this is urban land, you can easily get a mortgage of up to 80 percent loan to value.

Under the current law, the construction of new houses in the countryside of Andalucia is only permitted in this kind of small developments. This particular one is in a protected zone, meaning that there won't be any other houses being built outside this development. So you will have neighbours here, but it is still very rural.

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