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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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€ 135,000 - Town house in Alfarnate

Ref: 599
Built: 100 m² Bedrooms: 2 Electricity: Yes
Terrace: 10 m² Bathrooms: 1 Water: Yes
Land: 35 m² Pool: No Phone: Possible

A nice town house in the village of Alfarnate, ready to move into. The house comprises a living room with wood burner and spacious fitted kitchen on ground floor, and two bedrooms and a bathroom on the first floor. The property has tiled floors throughout, and wooden window frames with wooden shutters. At the back of the house, accessible from the kitchen, is a walled garden of about 35 square metres and a terracotta tiled terrace.

Alfarnate is one of those typically Spanish white villages, surrounded by an astoundingly beautiful countryside. This area is called the Pyrenees of the South, and with good reason. High mountain peaks, deep gorges, sloping valleys, and every now and then a glimpse of the Mediterranean Sea. The villages offers bars and restaurants, a medical centre and pharmacy, primary school, public pool, and several shops.

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