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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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€ 162,000 - Town house in Colmenar

Ref: 573
Built: 140 m² Bedrooms: 4 Electricity: Yes
Terrace: 0 m² Bathrooms: 2 Water: Yes
Land: 30 m² Pool: No Phone: No

This town house is in a secluded location in a quiet little street, which makes the garden at the back side into a small oasis. Very private. You wouldn't want to change much in the house, but you may want to level the garden to install an above-ground pool. And it would be nice to have a door in one of the upstairs bedrooms onto the terrace at the back of the house.

The house has a very cosy kitchen, and you could have two downstairs bedrooms if you wanted to. Right now there are three rooms upstairs being used as bedrooms. Living in Spain is not just about finding the right house: the village of Colmenar will surely appeal to you with all its bars and restaurants and shops. The people here are very welcoming and will soon make you feel that you really belong.

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