buy spanish property in sterling distressed property costa del sol euro exchange rate euro sterling conversion spanish property 
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 »
apartment in spain euro exchange rate fix exchange rate pounds euros property in spain sterling euro rates As I write, sterling has recovered to 1.16 euros to the pound. This is an incredible leap from the depths that were plumbed at the turn of the year, when the sterling euro exchange rate was hovering at around 1.02.
This improvement really does have an impact on the spending power of anyone looking to buy a property in Spain. If you had purchased an apartment in Spain at a price of €200,000 in January at a rate of 1.02, this would have cost you the equivalent of £196,078.
If you made the purchase today, the same property would cost you the equivalent of £172,414. That´s a whopping saving of over £23,000!!
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buying properties in spain credit crunch in spain euro exchange rate second homes in spain spanish properties spanish property for sale PROBLEMS GALORE
“In 2008, we seem to have been crashing into wave after wave of negative publicity, and lurching from one problem to another.
Besides the usual issue of often inaccurate media sensationalism that seems to have stalked the Spanish property market for the last 3 years, we have had to endure far more serious global economic events that have squeezed the very life out of the market:
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costa del sol property euro exchange rate holiday in marbella puerto banus property recession in spain rental property in puerto banus Every visitor to the Costa del Sol, every person who has taken a holiday in Marbella - one thing is for sure, they will all have heard of Puerto Banus, and most will have paid it a visit.
Puerto Banus is the Spanish version of Monte Carlo, it´s where all the rich and beautiful people hang out. It´s the jet-set marina of the southern Mediterranean. It´s full of multi-million dollar yachts, designer boutiques and plastic faces. It´s beautiful yet vulgar, picturesque yet pretentious, a real melting pot of people.
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