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We noticed a significant increase in enquiries for Spanish property from our website at Your Key to Spain over the last 4 days.

This upturn in interest could be due to two factors, both of which stemmed from recent economic events.

Firstly, the Bank of England on Thursday announced a further half-point cut in interest rates, leading to an historically low rate of just 1%. Naturally, this deters savers from depositing funds in the UK and ensures that they look at more lucrative options in which to invest their money.Secondly, sterling has staged a recovery against the euro, standing today at just a touch under the 1.15 euros barrier. This represents a significant increase in sterling´s value of over 10% within the last month. Translated in basic terms, it means that Spanish property is now 10% cheaper to buy than in early January.

With Spanish property prices already on the slide to pre-boom levels, these two incentives seem to have further fuelled a sudden surge in interest amongst those people who are just waiting for the right time to invest in a property in Spain.




  comments
5 March 2009 | 03:50
PentOweftwing
said

Excellent site blog.yourkeytospain.co.uk and I am really pleased to see you have what I am actually looking for here: this .. as it’s taken me literally 2 hours and 25 minutes of searching the web to find you (just kidding!) so I shall be pleased to become a regular visitor :)

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