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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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€ 265,000 - Villa in Riogordo

Ref: 645
Built: 80 m² Bedrooms: 3 Electricity: Yes
Terrace: 50 m² Bathrooms: 1 Water: Yes
Land: 8,000 m² Pool: Yes Phone: No

If your kitchen is your life, then this is your house. A spacious living room with open plan kitchen and fireplace make it possible to literally live in your kitchen. Apart from that, you will enjoy life outside enourmously here. There is a special microclimate at this house that will provide you with the mildest winters possible in Southern Spain.

The villa comprises of a living room with open fireplace and open plan, fully fitted kitchen, three bedrooms, and one shared bathroom. The interior needs some decorating to your own taste, but that is all cosmetic and easy to do.

Outside, you'll appreciate the fence around the swimming pool for added safety, especially important if you have small children or plan to let the house to holiday makers. There are several terraces, and a fixed barbecue on this plot of mostly flat land. The land would be great to keep some animals or to have a garden. There are some neighbouring houses, so the house is not isolated.

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