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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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€ 136,500 - Town house in Colmenar

Ref: 603
Built: 140 m² Bedrooms: 3 Electricity: Yes
Terrace: 40 m² Bathrooms: 2 Water: Yes
Land: 0 m² Pool: No Phone: Yes

This is a neat village property, not too small and not too big, all ready for you to move into. Suitable as a permanent residence, but really ideal as a holiday home too: if you lock the door, you leave your home without a worry. The house is sold fully furnished.

This town house comprises a living room with open plan kitchen and dining area, three bedrooms, and two bathrooms. There is a clever patio, providing extra light to all rooms adjacent to it. The upper floor gives access to a nice roof terrace with a built-in barbecue.

The location is just perfect. Close to the centre of Colmenar, with all amenities around the corner, and something always happening around the house. The roof terrace offers a great opportunity to observe life in a typical pueblo blanco. You'll never get bored here.

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