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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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€ 52,450 - Town house in Trabuco

Ref: 621
Built: 56 m² Bedrooms: 2 Electricity: Yes
Terrace: 0 m² Bathrooms: 1 Water: Yes
Land: 28 m² Pool: No Phone: Yes

A sweet little semi-detached town house in Villanueva del Trabuco, an ideal place to spend your holidays in. The property comprises of two floors, with the living room and a simple open-plan kitchen on the ground floor, and two bedrooms and a shower room on the first floor. The house features tiled floors almost throughout, and exposed beams in the upstairs bedrooms.

Villanueva del Trabuco is one of those typically Andalucian pueblos blancos, whitewashed villages were time seems to pass at a much slower pace then in the rest of the world. The village offers all kinds of amenities, such as schools, shops and supermarkets, bars and restaurants, a medical centre and a pharmacist's.

The villlage is located in the vicinity of the motorway, making this a well connected place. The nearest international airport is in Granada, half an hour's drive away. Malaga and the Mediterranean coast are only 45 minutes' drive, Cordoba an hour, and Seville an hour and a half.

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