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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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Sale pending - Country house in Almogia

Ref: 640
Built: 168 m² Bedrooms: 2 Electricity: Yes
Terrace: 100 m² Bathrooms: 2 Water: Yes
Land: 5,000 m² Pool: Yes Phone: Yes

A nice, contemporary villa on a large plot of land on the outskirts of Almogia. The villa comprises of a covered terrace along the front of the house, en entrance hall, a spacious living room with large windows and a big wood burner built into the chimnea, two bedrooms, two bathrooms, a fully fitted kitchen, and an indoor garage.

The villa has tiled floors, and wooden doors and window frames throughout. Originally, the house had three bedrooms, but the current owners changed one of them into a nice, spacious bathroom. If you do need a third bedroom, however, you can easily convert the indoor garage into extra living space.

Easily accessible from the tarmac road, a gravel driveway leads up to the house, with parking space for three to four cars. Outside, set in the Mediterranean garden, is a full-size swimming pool, a Jacuzzi, a barbecue area with fixed barbecue, and a fish pond.

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