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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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Sold - Country house in Colmenar

Ref: 571
Built: 132 m² Bedrooms: 3 Electricity: Yes
Terrace: 40 m² Bathrooms: 3 Water: Yes
Land: 2,000 m² Pool: No Phone: No

This property was actually built specifically to have two rooms to rent out. Each of these bedrooms has a separate entrance and an en-suite bathroom. So this is basically your small scale Bed and Breakfast ready to be started. You'll need a job on the side to earn a reasonable income, of course, but at least these two rooms will provide you with some extra money.

Of course, with a little work, you could turn this villa into a regular three bedroom property. That would leave you with a spacious home surrounded by a large garden, which in fact is a bit larger than the 2,000 square metres officially registered in the title deed.

The villa is situated in a tranquil spot at about 15 minutes' distance from Colmenar. The track to the property is a bit longish and adventurous, but nothing too difficult to handle for any average driver.

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Colmenar
€ 168,000
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