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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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Sold - B&B in Alfarnatejo

Ref: 612
Built: 210 m² Bedrooms: 5 Electricity: Yes
Terrace: 100 m² Bathrooms: 2 Water: Yes
Land: 0 m² Pool: No Phone: Yes

A large newly built Bed & Breakfast in a small hamlet near Alfarnatejo. This new property really combines the best of two worlds. It is out in the country and even enjoys rural mountain views, and yet you will never feel completely isolated or lonesome in this small hamlet.

This country house comprises on the ground floor of a entrance hall, a living room, a spacious and fully fitted kitchen, a shower room with toilet and a small laundry room. On the first floor are three large double bedrooms and one single bedroom, and a lovely fitted bathroom. The second floor is one large open space with a fitted wash-basin. It is currently the fifth bedroom, but it could actually be converted into two bedrooms and a small shower room.

There is an open terrace in front of the house, another private walled-in terrace with summer kitchen and barbecue at the side, and upstairs there is a U-shaped roof terrace around the large room on the top floor, accessible through glass sliding doors. The house has central heating throughout, with a very modern and efficient heater that also supplies hot water for the kitchen and the bathrooms. Outside is a private parking space in the garage, and public parking space across the road.

The surroundings is a mountainous area, locally known as the Pyrenees of the South. It is a great place to go hiking and biking, but also ideal for bird watchers, nature lovers and anyone looking to get away from it all. The closest village is Alfarnatejo, just a few kilometres away. The village has a fairly large public swimming pool that opens during the summer months.

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