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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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€ 225,000 - Villa in Colmenar

Ref: 688
Built: 100 m² Bedrooms: 3 Electricity: Yes
Terrace: 30 m² Bathrooms: 2 Water: Yes
Land: 14,000 m² Pool: No Phone: Yes

Well built villa at a picturesque location with views of the Axarquia area. The house comprises a living room with large wood burner, a fully fitted kitchen, three bedrooms and two bathrooms. The house has telephone and broadband internet access. There is a separate storage room outside. The covered terrace will be the perfect place to spend those burning hot Spanish summer afternoons, while enjoying a nice glass of vino.

The property is in one of the most beautiful locations and therefore one of the more expensive locations of Colmenar. It has views that reach all the way up to the Sierra Nevada with its snow-covered mountains in winter, and down to the big blue Mediterranean as well, at least on clear days. This is one of those rare properties with a real wow factor.

The village of Colmenar is just a few kilometres away, so all facilities are really close by. The surroundings of Colmenar are beautiful, rugged, Andalusian, and after purchasing this property you will never loose that feeling of being on holiday. The city of Malaga with its surprising centre is just a 22 minutes' drive away, the airport or a quiet beach -they do exist- some 25 minutes.

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