Thursday, 13 November 2008
Beating the Exchange Rate
With the pound slipping to an all time low against the Euro you may think it is a bad time to be looking for property for Spain. However here in Murcia, developers have developed a pricing structure which helps clients from the UK beat the low exchange rate.On certain developments you can purchase your Spanish property at a fixed sterling price. This is clearly a benefit because the price you sign for in sterling is the price you will pay on completion - you do not have to worry about the impact of changes to the exchange rate. In addition, the developers are offering excellent exchange rate terms - far above the current market rate. For example a property available at a price of 136,000 euros is also available at a fixed sterling price of £90,600 - therefore you are getting an exchange rate of 1,50 euros to the pound. This option is not available on all developments and the rates offered do vary - however it does provide the opportunity to turn back the clock and beat the current currency market conditions.Labels: buying property in Spain, Exchange rate
