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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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€ 395,000 - Town house in Colmenar

Ref: 702
Built: 278 m² Bedrooms: 3 Electricity: Yes
Terrace: 145 m² Bathrooms: 2 Water: Yes
Land: 585 m² Pool: Yes Phone: Yes

Newly built on a double plot on the edge of the village, this town house with swimming pool offers superb views of the surrounding countryside. This dream home was designed and built for a couple unwilling to compromise, and that shows. The property has a landscaped front garden and a very private, enclosed back garden with a patio, the saltwater pool and several sun terraces. The town's amenities are all a short walking distance away.

The cleverly designed villa has a lovely atmosphere and we are sure you will start thinking about how to arrange your own furniture. There are tiled floors throughout, making the house very easy to keep clean and to maintain. Even if you're planning on going on a long cruise or an extensive journey through Spain: just close the door when you leave and everything will still be immaculate on your return.

The house comprises a large entrance hall, a spacious and light living room, a fully fitted kitchen, a double bedroom, a smaller bedroom currently in use as study, a bathroom, and a huge second kitchen and storage room, which could easily be converted in a private gym or even a self-contained guest apartment. Upstairs, you'll find the large master bedroom with full en-suite bathroom, a dressing room and a private terrace with views of the garden, the private pool and the countryside. There is private indoor parking at the basement level.

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Torre del Mar
€ 372,500
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