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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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€ 168,000 - Country house in Colmenar

Ref: 632
Built: 80 m² Bedrooms: 2 Electricity: Yes
Terrace: 30 m² Bathrooms: 1 Water: Yes
Land: 13,000 m² Pool: No Phone: Yes

A jewel of a rural house with a traditional atmosphere out in the countryside of Colmenar. The house comprises a spacious living room with open plan kitchen, two bedrooms and a bathroom. There is enough space at the side of the house to put in a large terrace of even a spacious conservatory, making this property absolutely suitable for permanent residence.

At that same side of the house is a garage, wich you could use as such, of course, but it would also make for a nice separate guest apartment. From here the views are gorgeous, over the mountains of the Montes de Malaga, where late January hundreds of almond trees with their cream-coloured blossom forbode spring. On clear days, you can even see the Mediterranean Sea from here. The location of the property is very rural. A track takes you to your own world, peaceful and quiet. And it has a mild microclimate, giving you the best of the Spanish winter.

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