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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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€ 195,000 - Country house in Alhama de Granada

Ref: 678
Built: 245 m² Bedrooms: 6 Electricity: Yes
Terrace: 20 m² Bathrooms: 2 Water: Yes
Land: 210 m² Pool: Yes Phone: No

A beautiful semi-detached property that is ready to move into and to be run as a Bed & Breakfast. It's a traditional Spanish country home, restored with eye for detail and retaining its original character and charm.

The property consists of the main house with two reception rooms, a kitchen, a dining room, four bedrooms (one of which is currently in use as an office), a bathroom and a terrace. There is a separate guest house joined on with a living room and kitchen/dining room, two bedrooms and bathroom. Outside is a garden area with barbecue and swimming pool.

Alhama de Granada is a quaint little village, known for its thermal baths. It even got its name from those baths, which are called "al hammam" in Arabic. Close by is the vast and beautiful Bermejales lake, reached by a road lined with poplars and Mediterranean black pines. There are sandy beaches, safe swimming and plenty of non-motorised water sports. There are also a couple of cafes at the edge of the lake. Many of the local population spend evenings and weekends barbecuing at the water's edge, it is a great location.

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