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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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€ 199,000 - Town house in Archidona

Ref: 586
Built: 240 m² Bedrooms: 4 Electricity: Yes
Terrace: 10 m² Bathrooms: 1 Water: Yes
Land: 0 m² Pool: No Phone: Yes

Just imagine what this property will look like with your own furniture in it and you'll never want to live elsewhere. Because this is a really nice house in a quiet neighbourhood at the edge of Archidona, with beautiful views of the countryside. The house is fully renovated and brought up to modern standards. And there is now a cellar (80 sqm) underneath the house, providing you with a place to work or just lots of storage space. The house has one bedroom on ground floor, three more on the first floor, one bathroom, an extra toilet, and two balconies.

Archidona has a nice and bustling town centre, at walking distance from the house. It is a nice little town in the Spanish countryside, at 40 minutes' driving distance from the city of Malaga and its international airport, a similar distance from Granada and the international airport there, and 20 minutes from Antequera with its large shopping mall and many monuments.

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