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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With the value of sterling finally beginning to rise against the single European currency, we are likely to see a shift in the type of deals that we have become accustomed to here in Spain.

During the last 6 months, with sterling in freefall and the Spanish property market in dire straits, it has seemed that most property transactions in the Brit-dominated areas such as the Costa Blanca and the Costa del Sol have consisted of a British vendor who is happy to trade with a strong euro, and a buyer from the eurozone, keen to snap up a Spanish property bargain and take advantage of the thousands of Brits making the exodus back to the UK.
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