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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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€ 89,950 - Town house in Trabuco

Ref: 622
Built: 65 m² Bedrooms: 2 Electricity: Yes
Terrace: 0 m² Bathrooms: 1 Water: Yes
Land: 24 m² Pool: No Phone: Yes

A really nice holiday home in the village of Villanueva del Trabuco. The property comprises of two floors, with the living room, a fully fitted kitchen, a toilet, and a small patio on the ground floor, and two bedrooms and a shower room on the first floor. The house features tiled floors throughout, and a spiral staircase from the first floor to the roof terrace, offering good views of the village and the surrounding countryside.

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 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 coast are only 45 minutes' drive, Cordoba an hour, and Seville an hour and a half.

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