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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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€ 180,000 - Country house in Los Romanes

Ref: 671
Built: 130 m² Bedrooms: 3 Electricity: Yes
Terrace: 40 m² Bathrooms: 2 Water: Yes
Land: 394 m² Pool: No Phone: No

A beautiful semi-detached country house with amazing 360 degree views. Apart from the other half, there are no close neighbours. It is a rustic house, fully restored in keeping with the old style. It has a sitting room, a kitchen, 3 bedrooms, 2 bathrooms, a storeroom and an extra study room. There is a large outside porch and two outside sinks. There are two very big terraces attached and a balcony on one bedroom. The property is on mains water supply and electric. Cheap to run, safe as a holiday home.

The property is accessed over a newly concreted road. The sea and the beaches can be reached in 25 minutes. Really a great location for a holiday home, with lots of things you can go and do from here. The picture postcard reservoir Lake Viñuela is only a stonethrow away from this authentic Spanish country house. This is the region where the famous Malaga raisins are being produced. It doesn't get more Mediterranean than this. The locals are very friendly and welcoming.

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