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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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Sale pending - Villa in Casabermeja

Ref: 631
Built: 120 m² Bedrooms: 3 Electricity: Yes
Terrace: 50 m² Bathrooms: 1 Water: Yes
Land: 13,356 m² Pool: No Phone: No

This finca in the Montes de Malaga is situated on a hill top with panoramic views onto the Mediterranrean Sea and the El Torcal natural park. This well-renovated house has good access over a somewhat longer track. It is a good example of a house which it is very pleasant to live in. And then there is the possibility to expand, because the the adjacent barn has the size of a bedroom and so does the separate chicken shed. Those can be converted into another two bedrooms, bringing the total up to five.

If you want to, you can cook dinner with ingredients from your own vegetable garden. You won't be easily bored here. And then there is the land: easy to walk around with large flat areas. Very suitable to enjoy Spanish country life, to keep horses or other animals. There are some house in the neighbourhood, but you won't have to worry about your privacy. The house has a basic but attractive atmosphere and when you walk through the house you will see that all the available space is really useable.

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