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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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Sold - Country house in Colmenar

Ref: 584
Built: 108 m² Bedrooms: 2 Electricity: Yes
Terrace: 80 m² Bathrooms: 1 Water: Yes
Land: 2,500 m² Pool: Yes Phone: Yes

This is a spacious country home just outside Colmenar. It has a large, square living room with open plan kitchen, with a work area and a zone that will always look presentable. There are two downstairs bedrooms. Also, the house has a spacious attic, and as attics normally aren't described in the paperwork, this one isn't either, but the space is there and it has the potential to be converted in two more bedrooms with bathrooms. But it's also ideal as storage space.

The house is very easy to drive to and if you are afraid of narrow and windy country roads or dirt track, then this will pose no problem at all. Standing on the terrace, you will realise how beautifully located the property actually is. This country house offers great value for money and is ready to move in to. From here you can drive easily to the quieter and nicer beaches in about 45 minutes. The village of Colmenar is only 3 minutes away.

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