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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 - Finca in Colmenar

Ref: 607
Built: 195 m² Bedrooms: 4 Electricity: Yes
Terrace: 100 m² Bathrooms: 3 Water: Yes
Land: 1,800 m² Pool: Yes Phone: Yes

A beautifully restored authentic finca with swimming pool and great views. The house comprises a spacious living room with wood burning stove, a separate dining room, a lovely country kitchen, four bedrooms, three bathrooms, a study, a downstairs toilet and lots of storage space.

The land around the house is on two levels. The main area is on the same level as the house and is fully tiled. This includes the terrace at the front side of the house, as well as the terrace around the swimming pool at the back side of the house. The second level is in front of the house, a little lower than the main level, and this would be ideal for a vegetable garden, a few chickens, or a lovely tropical garden. The whole plot is fenced.

The property has good access from a tarmac round and offers ample parking space. This is a location that let’s you enjoy real Spanish country living, with peace and quiet, and lots of sunshine, of course. The nearest village is Colmenar, about 12 minutes' drive away. There are several supermarkets here, as well as bars, restaurants, shops, an internet café, schools, a medical centre, a dentist’s et cetera.

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