While it may not be an ideal time to be buying property in Spain with hard-earned British pounds, the same cannot be said if you are looking to spend your euros back in the UK.
Sterling´s fall from grace has been well documented, with today´s exchange rate hovering at around 1.12 euros. This means that if you are looking to buy a property in Spain at 200,000 euros, it will effectively cost you £178,571
But for those who earn their wages in euros, it´s a great time to be heading to the UK.
I´m set to go to London this coming weekend – my hire car is costing me £60 (€67.20), my hotel is costing me £150 (€168) per night, and an average meal out, costing £50, will actually set me back €56. In fact, rather than buy my family´s Xmas presents here in Spain, I´m going to wait til I get to London, and then I will spend, spend, spend!! Maybe I´ll be helping to stimulate the UK economy in some small way!
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