With the exchange rate hitting a new 7 year high this week, what better time to show you just how this effects the price of that perfect property in Spain that you’ve been dreaming of.
If there was ever a time to take advantage of the GBP/EUR rate, then it’s now….
A 2 bedroom Townhouse in Villamartin, Southern Costa Blanca – €99,950
Flashback to this time last year, in February 2014 when the exchange rate was sitting at approx €1.21 to £1. A property with a purchase cost of €100,000 would have cost a British buyer circa £82,650, and when you add on to this the purchase costs and taxes to be paid too of around £11,157, then the overall price reaches a total of circa £93,800.
Now, bring yourself back to the present time of February 2015, and the exchange rate is €1.35 to £1. A property with a price of €100,000 would now cost a British buyer circa £74,100 (a whopping £8,550 less!) Add the purchase costs and taxes on to this totaling around £10,000, and the overall price is circa £84,100.
A 2 bedroom Bungalow in Mojacar, Costa Almeria – €99,000
With the current exchange rate there is a saving of approximately 10% on the purchase price of a property costing €100,000, as opposed to purchasing the property this time last year.
Dare we dream of 1.40 to £1? Well the current GBP/EUR trend suggests it’s a possibility, which means more savings for you. Act now! Talk to us about how to secure a rate.
Wondering what you can get for around €100,000 or less? Just take a look here at 5 properties available right now across the Costa Blanca, Murcia & Almeria –
https://www.yourplaceinspain.com/property/brand-new-torrevieja-apartments/
https://www.yourplaceinspain.com/property/townhouse-jalon-jalon-valley/
https://www.yourplaceinspain.com/property/townhouseforsaleinvillamartin-11/
https://www.yourplaceinspain.com/property/penthouse-apartment-portman-murcia/
https://www.yourplaceinspain.com/property/apartmentforsaleinmojacar-5/
If you would like us to do the search for you then just tell us you property requirements and we’ll send over a portfolio of property available to you now. Don’t miss out. Take advantage of the current exchange rate!
*The rates quoted in this article are inter Bank rates according to today’s date – 20.2.15. Any exchange rate fluctuation, up or down, will change the property purchase price*
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As the euro/pound exchange rate continues it’s upwards spiral and hits a 7 year high today, there is news this week that the Costa Blanca is one of the top locations leading the market recovery in Spain.
Things are looking really positive, and now is a fantastic time to buy your property in Spain.
The southern Costa Blanca is currently a hot spot for new build projects. According to those figures released this week it is the new build property that is really driving the property market, furthermore, developers are now starting to increase property prices in this location.
Here at Your Place in Spain Ltd we’ve certainly seen the rise in demand for new build ourselves. As the exchange rate continues to rise, re sale vendors are demanding a higher selling price resulting in the purchase price for a re sale property constantly rising too. This also means that when it comes to a re-sale property, the choice of low cost opportunities available is reducing.
Our advice for our clients when this has happened has been to look to new build / off plan property, and take a closer look at the opportunities available…
Why New Build??
- These properties are brand new opportunities, using the latest materials, latest designs and technology, and all with a 10 year builders warranty
- There is a great choice of fantastic locations, close to all amenities. Whether it is coastal, golf or property within a town that you are looking for, there really is something to suit most buyers’ requirements.
- Affordable new coastal properties – 2 bed 2 bath apartments are available from an entry level price of 99,000 euro / £76,250
- Bank Guarantees for required stage payments
- Usually completed within 12 months
Throughout the months of February & March we have also been offering a €1000*contribution to the purchase of new build and off plan properties, in order to maximise their value. Want to read more about this? Just click here.
The future is looking bright for the Spanish property market!
*Terms & Conditions apply*
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The Jalon Valley, comprising of nine mountain towns and villages, many seasoned travellers consider this particular part of Spain to be one of its best kept secrets…
Alcalali, Benigembla, Benissa, Castell de Castells, Lliber, Murla, Parcent, Senija and Jalon make up the Jalon Valley, each with their own particular charm and attractions. The largest town is Benissa, with a population of around 12,000 and the smallest village is Lliber, with around just 500 inhabitants.
The Area –
The Jalon Valley is a beautiful, scenic area that is just a few kilometres inland from the gorgeous white sandy beaches and warm clear waters of the northern Costa Blanca, located on the east coast of Spain.
Many of the towns and villages have been populated by residents who prefer to be away from the busier locations on the coast, preferring the more tranquil and scenic surroundings provided in the Valley.
The area has long been regarded as one of the most beautiful areas of Spain, especially in the months of January and February when much of the valley is covered with a blanket of pink and white almond blossom. The Jalon Valley is also famous for its vineyards, and the local bodegas that produce the white, red and rose wines.
One of the many beautiful villas available in the Jalon Valley
You will find that each town in the Jalon Valley has its own tourist information centre where the English-speaking friendly staff can provide you with various guides, brochures and suggested routes for walks, along with lots of local information on forthcoming events such as fiestas, etc.
There are various traditional Spanish markets to visit in the Jalon Valley that take place almost every day across its towns and villages. For those after a more active trip, then cycling, horse riding, mountain hiking, walking and rock climbing are all available too.
When you fly to Alicante or Valencia airport, you can get to the Jalon Valley in around an hour by car
Accessibility –
Both Alicante and Valencia Airports are around one hour’s drive away from the Jalon Valley. Depending on which town or village you are visiting within the Valley, then it may take a little longer.
A car is recommended when visiting this area as there is so much to see across the towns and villages. There is also great public transport and bus services available to get your around.
The Weather –
With an average year-round temperature of 18C, and low levels of humidity and air pollution, the region is particularly attractive to those suffering from arthritis and respiratory ailments.
In the summer months the weather is beautiful and very warm, much like the rest of the Costa Blanca. Winters are mild, and the sun is shining around 300 days a year.
The Property –
Here is just a snapshot of some of the fabulous property on offer in this beautiful location. The current exchange rate means that these properties are available at amazing prices –
https://www.yourplaceinspain.com/property/townhouse-jalon-jalon-valley/
https://www.yourplaceinspain.com/property/village-house-parcent/
https://www.yourplaceinspain.com/property/villa-jalon/
https://www.yourplaceinspain.com/property/villa-alcalali/
If you’re looking for property in the Jalon Valley area, or if you would like to see what is available to you in the location then just click on the quick query button to the right and send us your details, and we’ll send you a portfolio of what we have.
Now is the time, don’t miss out!
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Extended Offer April/May 2015
Off Plan and Re Sale purchase offer to clients* from Your Place in Spain
Cash back, quality accommodation paid for!! Read on….
The Brits return to the Spanish property market is now in full swing, with more & more information being released on a daily basis pointing to, and advising us, that the time to buy in Spain’s hot spots is NOW.
Spanish mortgage applications are on the increase, and in some locations property prices are on the rise.
We are advised by our colleagues on the ground in the Southern Costa Blanca that the re-sale property prices are certainly ‘hardening.’ The exchange rate continues to rise, and is currently sitting at a near 7 year high of circa 1.39euro to the £1.00. This rise means that vendors are demanding a higher selling price resulting in the purchase price entry level for a desirable property increasing. This also means that the choices available at that entry level are restricted, which for some will be very disappointing.
As a result of this ‘hardening of prices’ in the resale market, Your Place in Spain Ltd are suggesting that buyers should take a look at the off plan, new build market and see what these properties have to offer…
Why?
- These properties are brand new opportunities, using the latest materials, latest designs and technology, and all with with a 10 year builders warranty
- There is a great choice of fantastic locations, close to all amenities. Whether it is coastal, golf or property within a town that you are looking for, there really is something to suit most buyers’ requirements.
- Affordable new coastal properties – 2 bed 2 bath apartments are available from an entry level price of 99,000 euro / £76,250
- Bank Guarantees for required stage payments
- Usually completed within 12 months
To maximise the value of these off plan opportunities, Your Place in Spain Ltd are offering to those clients, that purchase an off plan property (for a limited period of time) a whopping 1000 euro contribution/cash paid back, after completion, as well as for those clients viewing only with Your Place in Spain Ltd & its partners, we will cover the cost of quality accommodation for 2 or 3 nights, subject to portfolio, meaning the purchase value is even greater! To take advantage of this offer or to establish more details then please contact us as soon as possible.
Should a resale property be your preferred option we (Your Place in Spain Ltd) will give a contribution/cash back amount of 500 euro, payable after completion on purchases of any amount greater than 89,000 euro plus costs.
The Resale Offer (500 euro cash Back) does not include accommodation offer.
* This offer is for a limited time and is subject to terms & conditions below.
1) Offer is only valid for clients using the Your Place in Spain purchase process, details available
2) This is a solo promotion and clients can opt for only one offer per purchase
3) Offer to run until May 31st Clients need to be booked prior to the closing date.
4) Offer is by Your Place in Spain Ltd, 1000euro/500 euro payment is to be made within 28 days after completion of the purchase, payable by Your Place in Spain Ltd.
5) Accommodation offer strictly applicable to New Off Plan purchases and some key ready new opportunities, located on the Costa Blanca or Calida with a minimum purchase price of 89,000 euro plus costs.
6) Your Place in Spain Ltd reserve the right to change this offer at any time.
