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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 - Town house in Loja

Ref: 630
Built: 240 m² Bedrooms: 7 Electricity: Yes
Terrace: 20 m² Bathrooms: 3 Water: Yes
Land: 200 m² Pool: No Phone: Yes

A lovely spacious town house with 7 bedrooms in the old centre of Loja, in Granada province. The house comprises on the ground floor of an entrance hallway, a reception with staircase, a lounge, a dining room, and a fully fitted kitchen. On the first floor are four bedrooms and two en-suite batrooms, and a covered roof terrace. On the second floor are a further three bedrooms and a large bathroom with corner bath.

The kitchen downstairs gives access to enclosed patio of about 40 square metres. There are several outbuildings here of about 40 square metres in total, and a separate toilet. The bedroom on the first floor at the front of the house has two small balconies. Finally, the property has a garage of a little over 20 square metres.

Loja is a small town of about 20,000 inhabitants, and offers all kinds of amenities and services, such as supermarkets and shops, bars and restaurants, primary and secondary schools, a medical centre and pharmacies, public transport and a railway station, et cetera. One of the most important sights to see is the Alcazaba de Loja, the moorish castle built on a hilltop, parts of which are open to visitors.

The town is strategically located, close to the A92 motorway. From here, you can drive in half an hour to the airport and the historic centre of Granada, in 45 minutes to Malaga and the Costal del Sol, and in just over an hour to cities such as Cordoba and Seville, and to the ski resort Sol y Nieve in the Sierra Nevada.

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