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 »

Crikey – what on earth is happening to the exchange rate at the moment.

After the scary days of January when the sterling euro exchange rate fell to a record low of 1.02 and some travelers were being paid 96p for each euro purchased, we saw a steady recovery to highs of 1.18 in June this year – hardly back to the good old days of 1.47 but a move in the right direction!

And now, our hopes are dashed again. As I write, one British pound is worth a paltry 1.0801
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