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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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€ 146,000 - Finca in Comares

Ref: 576
Built: 150 m² Bedrooms: 4 Electricity: Yes
Terrace: 30 m² Bathrooms: 1 Water: Yes
Land: 8,000 m² Pool: No Phone: No

This semi-detached property is obviously a fixer-upper, but it has a good price and lots of space. It will need a thorough restauration, such as a new roof, kitchen en bathroom. When you come to view the property, we'll make sure we'll have a ballpark figure for this from a qualified builder.

If you're the kind of person who loves antique Spanish tiles, quaint patios and red roof-tiles, then this is absolutely worth viewing. The location is definitely not isolated. There are several neighbouring houses, so you won't get lonely here. The village of Comares is majestically situated right on top of a mountain. It's only a ten minutes's drive away from this rural finca property.

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