Jun 2
Sterling is Rising!
apartment in spain euro exchange rate fix exchange rate pounds euros property in spain sterling euro rates a
apartment in spain euro exchange rate fix exchange rate pounds euros property in spain sterling euro rates a
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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