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Target developers who will accept payment in sterling.
There are not too many developments in Spain that will entertain this type of deal, as most promoters want to protect themselves from sterling falling even further against the euro. Developers are far more likely to offer a fixed percentage discount off the purchase price to buyers.
However, one or two developers in Spain are bucking the trend.
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Target Spanish properties that are owned by Brits
Firstly, buyers should look out for properties in Spain that are owned by Brits. Ask your agent if the vendors plan to repatriate the funds from the sale of their property to the UK. If they are indeed returning the money to the UK, they will be benefiting from the weak pound and effectively they will be getting 20% more for their money than a year ago.
