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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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€ 299,000 - Country house in Colmenar

Ref: 583
Built: 120 m² Bedrooms: 3 Electricity: Yes
Terrace: 100 m² Bathrooms: 2 Water: Yes
Land: 10,000 m² Pool: Yes Phone: No

This is one of those villas in Spain of which your friends and family will immediately understand why you have chosen it. The house has a compact but fully equipped kitchen. It has been decorated with taste and focus on comfort, while the outside space in front and at the side of the house is remarkable. Really a beautiful and well built villa with breath-taking views of the Sierra Nevada.

The property is situated at the edge of the village of Colmenar, along a quiet track. All amenities are close by, and Colmenar is a lively village with may bars and restaurants. The drive to the motorway will take 8 minutes, and from there to the centre of Malaga another 15 minutes.

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