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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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€ 245,000 - Finca in Alcaucin

Ref: 675
Built: 120 m² Bedrooms: 3 Electricity: Yes
Terrace: 50 m² Bathrooms: 1 Water: Well
Land: 4,750 m² Pool: Yes Phone: Yes

Sympathetically restored finca with beautiful views of the mountains and the Mediterranean Sea. Downstairs, the house has a large living room, a fully fitted kitchen giving access to a walled courtyard, two bedrooms, a toilet, and a garage. The upper floor contains a large master bedroom with a large bathroom. The property has mains electricity, plentiful spring water, and a landline telephone with internet connection.

Outside, along the front of the house is a tiled terrace. Away from the side of the house sits the circular pool with poolhouse. The finca sits on a beautiful plot of 5,000 square metres, with large flat grassed areas suitable for keeping and grazing horses. The house is surrounded by almond grove, olive and fruit trees, and enjoys spectacular views of the mountains, the valley and the Mediterranean Sea.

The white-washed village of Alcaucin is just 15 minutes away. This town offers a school, public swimming pool, shops, bars and restaurants. There is a school bus service to Alcaucin as well. The beaches and the sea will be half an hour's drive, the cities of Malaga and Granada, both with airports, between 45 minutes and an hour.

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