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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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€ 495,000 - Villa in Riogordo

Ref: 670
Built: 265 m² Bedrooms: 5 Electricity: Yes
Terrace: 100 m² Bathrooms: 4 Water: Yes
Land: 15,000 m² Pool: Yes Phone: No

An ample villa in the rolling hills just outside the village of Riogordo. The house comprises two floors. On ground floor are a covered terrace along the front side of the house, an entrance hall, a living room, a dining room, a spacious and fully fitted kitchen, a scullery, a bedroom with ensuite bathroom, a study and a separate bathroom. Both the living room and the dining room have french windows to the terrace.

On the first floor, a spacious landing gives access to the master bedroom with walk-in closet and ensuite bathroom, two more bedrooms, a shared bathroom and two large roof terraces. The master bedroom and one of the other bedrooms have french windows onto the roof terrace at the front side of the house. The landing gives access to this terrace too, as well as to the other roofterrace.

The house has good access from the main road. It is a modern villa, with all modern conveniences, very suitable for family life. Not too far way from the village of Riogordo, or from the coast or the natural park Montes de Malaga. An ideal location if you are looking for a country property, but not out in the sticks.

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