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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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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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