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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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€ 130,000 - Country house in Casabermeja

Ref: 577
Built: 70 m² Bedrooms: 2 Electricity: Close by
Terrace: 0 m² Bathrooms: 1 Water: Well
Land: 5,190 m² Pool: No Phone: No

A sweet holiday home at a beautiful spot, that feels really good. The house stands on a hill in the middle of a smaller valley, and yet you have good views. And that makes this such a nice property. All considered, the price is actually very good for a detached property, and is certainly influenced by the current market conditions. Of course the owners are welcoming you to put in an offer.

The house itself isn't very big with it's 70 square metres, of course, but the location offers one Europe's best climates, even in winter, so you'll be spending a lot of your time outdoors. The house has two bedrooms, and a stone-built lean-to at the side of the house, offering enough space for a workshop or a third bedroom, whatever you want.

The plot around the house is very useable, allowing you to keep a horse or two, or some other live stock. Currently, the property is only being used to work the land, and therefor the well hasn't been connected to the house yet. Electricity too needs to be connected. The mains power connection will cost around 4,500 euros, but if you decide to buy this property, we'll get a new quotation for you.

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