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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 - Town house in Totalan

Ref: 654
Built: 240 m² Bedrooms: 5 Electricity: Yes
Terrace: 75 m² Bathrooms: 4 Water: Yes
Land: 144 m² Pool: No Phone: Yes

A spacious townhouse in an little authentic village at 10 minutes' driving distance from the beaches of the Mediterranean Sea. Here you literally get to enjoy the best of two very distinct worlds.

The property comprises two separate apartments and two ensuite bedrooms with separate entrance on ground floor. Both apartments share almost the same layout and comprise a living room, a fitted kitchen, one or two bedrooms, a bathroom with bath tub and separate shower, a separate toilet, and storage space with connections for a washing machine. Both apartments have a large balcony along the front side, and a terrace at the side of the property.

Thanks to the unusual disposition, this property offers excellent opportunities to earn a rental income. You could start a Bed and Breakfast, or rent out one of the apartments. Or, you could divide each apartment into two studios to rent out. In that case you could live in one of the studios.

The town is one of those little, typically Andalucian villages, with its white-whashed houses, and its tranquility. And all that at just 10 minutes by car from the beach. The village offers everything you need, such as shops, restaurants, a medical centre, a pharmacist's, a school, sport facilities, a municipal swimming pool, and a regular bus service down to the coast.

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