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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 - Villa in Colmenar

Ref: 617
Built: 120 m² Bedrooms: 3 Electricity: Yes
Terrace: 200 m² Bathrooms: 2 Water: Yes
Land: 3,000 m² Pool: Yes Phone: Yes

An exceptional villa with fabulous views over the Axarquia. This property has a very good layout, with a spacious and cosy living room.

The house is of excellent building quality and can be considered one of the best villas currently for sale in Colmenar. Doors and windows, the floor tiles and the bathrooms all have that typical Andalusian style. The house is situated favorably with regard to hot summer days, because you won't have to shut the blinds to keep the heat out, so you'll be able to enjoy these beautiful views all year round.

The villa has an internet connection and the interior is also completely up to date. Easy to maintain, as is the large terrace surrounding the house. The feeling of freedom with the best views you can imagine, in the Montes de Malaga with its milder winter temperatures. The house has very good access.

Considering the location, the layout of the house and the amount of space around it, this would make an excellent base for a family with children. Colmenar is a typical pueblo blanco, and the village is only a 5 minutes drive away from the house. The city of Malaga, the coast and the international airport can all be reached in 45 minutes.

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