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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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€ 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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