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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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€ 125,000 - Town house in Trabuco

Ref: 669
Built: 183 m² Bedrooms: 5 Electricity: Yes
Terrace: 10 m² Bathrooms: 2 Water: Yes
Land: 61 m² Pool: No Phone: Yes

A large town house with shop offering exceptional value for money. If you've always wanted to buy a house in Spain and start your own business, then this is a great opportunity for an even better price. It's a large town house on three floors, with a shop or office space on the ground floor, directly accessible from the street. Start an internet cafe, a mobile phone shop, a book store, a beauty parlor, teach languages in one-to-one or small group settings, the possibilities are endless.

If you don't need the office space, you can convert it to create a larger living room. This is currently relatively small. Apart from the shop or office space, the property comprises a reception room, a fully fitted open plan kitchen, five bedrooms, two bathrooms, and a conservatory on the top floor, offering beautiful views of the village and the surrounding countryside.

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