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!
