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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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€ 248,000 - Town house in Colmenar

Ref: 588
Built: 140 m² Bedrooms: 4 Electricity: Yes
Terrace: 40 m² Bathrooms: 2 Water: Yes
Land: 125 m² Pool: No Phone: Yes

A nice, somewhat classic, well-maintained town house with large back garden providing that all important rural touch, up in Colmenar. Het property has four bedrooms, one of which is on the ground floor, and two bathrooms. The downstairs bedroom would also be perfect as a separate dining room, although there is enough space in the kitchen for a dining room set. There is lots of storage space inside the house, plus a stone-built shed out in the garden.

The village of Colmenar is your ticket to a good social life, and before long you will no longer be able to walk around without anybody greeting you or wanting to chat. Of course, more often than not that chat will be in Spanish, but fortunately there is an excellent Spanish language school in Colmenar, where fully qualified teachers wil have you speak Spanish fluently in no time at all.

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