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If you are thinking of buying a property in Spain in the near future it´s certainly becoming an interesting market. The part that the fluctuating euro/sterling exchange rate is playing cannot be overlooked, the primary reasons being these:
- the majority of Spanish property enquiries received by most of the popular portals and websites originate from prospective buyers based in the UK (and therefore likely to be buying in sterling).
- The majority of vendors seeking to sell their properties in Spain are British, and most will therefore be seeking to repatriate the proceeds of their sales back into sterling. Continue reading »
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The recent rise in the value of sterling against the euro has led to as much as a 40% increase in the number of Brits buying the European single currency.
With the sterling euro exchange rate hovering at around 1.15 in recent days, many Brits who regarded this figure as a psychological trigger to exchange currencies have taken advantage of the 12% increase in sterling´s value within the last 12 months.
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I went to watch the England vs Ukraine football match at Linekers bar in Puerto Banus last week.
For those of you unfamiliar with the Linekers concept, it´s basically a large disco/bar that´s very popular with football fans as it shows the majority of English football matches live on its many TV screens. In fact, I spent the first hour of my visit last week watching not only the England match, but also thinking that Ireland were beating Italy 1-0 until it was kindly explained to me that the score was actually 1-0 to Italy – the broadcast was being fed from a Middle Eastern TV channel, and apparently the scores are always displayed back to front! Continue reading »
