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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 - Country house in Montes de Malaga

Ref: 641
Built: 140 m² Bedrooms: 3 Electricity: Yes
Terrace: 40 m² Bathrooms: 1 Water: Yes
Land: 21,000 m² Pool: No Phone: No

A typically Spanish country house, right next to the natural park of the Malaga Mountains. The house comprises a large living room with fire place and semi open plan kitchen, three bedrooms, one bathroom, a lean-to shed and a covered terrace. The covered terrace is included in the registered built area, which means that you can convert it into additional living space. The house has terracotta tiled floors throughout, exposed beams, and wooden window frames and shutters. You may want to modernise the kitchen and the bathroom, but they are both useable as is.

The property comes with a little over 21,000 square metres (5.2 acres) of land. It has mains power and water, and there is a well on the property too. Being close to the natural park, the location is simply gorgeous, with beautiful views over the mountains and valleys. And yet the whitewashed village of Colmenar is only a few kilometres away. The town offers everything you need, such as shops and supermarkets, schools, a medical centre with 24/7 emergency unit, a dentist, a pharmacy, bars and restaurants.

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