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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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Sold - Country house in Montes de Malaga

Ref: 683
Built: 148 m² Bedrooms: 3 Electricity: Yes
Terrace: 25 m² Bathrooms: 1 Water: Yes
Land: 280,000 m² Pool: No Phone: No

This house is on the edge of the Montes de Malaga natural park and is unique regarding its location and type. It is a converted watermill, with the river flowing in winter. The house was restored with very good eye for modern living requirements, such as high door frames and a very spacious living room with high ceilings.

This is very private living, mind you. In your own little valley with all the land you see all yours. So absolute privacy and no neighbors, 100 percent guaranteed. You may get the feeling that this house is a bit further away, but the city of Malaga is still only half an hour's drive away, so don't let that initial feeling fool you. The location is really perfect. And the location in its own little valley is also a real sun trap. Winter sun bathing opportunities abound!

The original house is 200 years old or possibly even older. Part of the land is in use as an orchard and vegetable garden, and the entrance to the house has an electric gate. And then you still have 1 kilometer to go to get to the house! For anyone looking for privacy and something special: contact us now to make an appointment to view this house.

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