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Euribor At Lowest Level On Record

Euribor (12 months), the interest rate normally used to calculate mortgage payments in Spain, fell 0.6% in February compared to the previous month. Euribor now stands at 1.225%, the lowest level on record. Euribor is 43% down over 12 months, and 77% down from its all time high of 5.393% in July 2008.

As a consequence of the latest reduction in Euribor, repayments on a typical annually resetting mortgage (150,000 euros, 25 years, Euribor +0.75%) will fall by around 65 Euros a month, or… full article

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€ 232,000 - Town house in Marbella

Ref: 674
Built: 120 m² Bedrooms: 3 Electricity: Yes
Terrace: 25 m² Bathrooms: 3 Water: Yes
Land: 50 m² Pool: Communal pool Phone: Yes

Spacious semi-terrace in a quiet neighbourhood of Marbella with sea views. About 10 minutes away from the centre of Marbella and a few minutes from the Mediterranean beaches do we have this practical holiday home for sale. It is divided into a studio on ground floor and a two-storey dwelling above that. An ideal place to let, even when you're staying there yourself.

The main house consists of a large living room with fire place and open plan kitchen and terrace, one bedroom and one bathroom and a sauna; upstairs are another bedroom and bathroom, and a large roof terrace with sea views. The studio comprises a bedroom / sitting room with open plan kitchen, a shower room, toilet and a terrace at the front side. Just behind the house are two communal swimming pools surrounded by large sun terraces.

At home reigns the peace and quiet of a typical residential area. But only a stone's throw away is the Costa del Sol that never sleeps, with its Marbellan grandeur, its bubbling coastal life, bars, shops, restaurants, golf courses and the beaches of course. Never a dull moment.

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