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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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So you´ve seen that fabulous Spanish villa in the hills. You´ve been told that it was previously priced at €500,000 and you´re aware that it was ´recently´ valued at €450,000

It´s now on the market at €295,000 and the owners are desperate to sell.

AN ABSOLUTE STEAL FOR THE PRICE!

Too good to be true? Are we really about to buy a property in Spain for €295,000 that is actually worth €450,000? Possibly…..but highly unlikely.
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