Euribor (12 months), the interest rate normally used to calculate mortgage payments in Spain, fell 0.6% in February compared to the previous month. Euribor now stands at 1.225%, the lowest level on record. Euribor is 43% down over 12 months, and 77% down from its all time high of 5.393% in July 2008.
As a consequence of the latest reduction in Euribor, repayments on a typical annually resetting mortgage (150,000 euros, 25 years, Euribor +0.75%) will fall by around 65 Euros a month, or… full article
A lovely spacious town house with 7 bedrooms in the old centre of Loja. An authentic village property. The property has 7 bedrooms, 3 bathrooms, electricity, mains water and telephone. The property is ready to move in to. Price: € 129,000.