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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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Sale pending - Finca in Comares

Ref: 680
Built: 250 m² Bedrooms: 6 Electricity: Yes
Terrace: 150 m² Bathrooms: 4 Water: Yes
Land: 1,300 m² Pool: No Phone: Yes

Fabulous old country property recently refurbished in a sympathetic fashion retaining many original features but with new plumbing, wiring and sewage system. This semi-detached property is part of a large house, accessed by a short track off the tarmac road with lovely views of Comares. It has parking for at least 6 cars and a fully fenced paddock and stable making it ideal for someone with horses.

The house comprises a large entrance hall, a lounge with big fireplace and 2 sets of french windows leading out to the couryard, a spacious kitchen/dining room with wood burner, an inner hall, a sitting room, four bedrooms and three bathrooms. Most rooms feature beamed ceilings, while one of the bedrooms has an open fireplace and french windows to courtyard. The master bathroom has a separate shower cubicle and a free standing ball-and-claw bath tub.

In the courtyard is another room with pitched beamed ceiling, which could be a further bedroom if required. There is a converted barn which is now a self-contained guest apartment with small kitchen, dining area, sitting room, bedroom and shower room. Outside, there's natural rock garden, chicken shed and run, a childrens' play area with wooden shed, and post and rail paddock. There is exterior lighting all around the house, terraces, stable which has water and electricity.

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