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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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€ 110,000 - Town house in Colmenar

Ref: 689
Built: 50 m² Bedrooms: 2 Electricity: Yes
Terrace: 75 m² Bathrooms: 1 Water: Yes
Land: 120 m² Pool: No Phone: Possible

A lovely little town house with a large patio and views of the church of Colmenar and part of the Montes de Malaga natural park. The house has two bedrooms on the upper floor, compact in size but each with a build-in closet. Downstairs should really be considered as one room, a large country kitchen with seating area.

The garden is gorgeous. It gets a lot of sunshine, so you'll be able to sit outside even on most winter days. Lots of terrace space and an summer kitchen with a fitted barbecue. The fig tree in the garden provides welcome shade, bears tons of fruits and is really old. At least as old as the house.

Considering its dimensions, this would be suitable as a holiday home, but it sits on urban land, so you can build onto it, and there would be enough space to do so. The house has access from the street at two different sides.

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