You might wonder why we talk about the exchange rate on our social media pages almost every day here at Your Place in Spain, but the importance of this is absolutely crucial to making sure that we can help our clients get the best property that they can for their money.
This week the exchange rate has been at its highest since 2008, as it reached highs of 1.39. Can we possibly dream of a rate of 1.40?
We can’t predict what the exchange rate is going to do, but what we can do is look at some issues that could possibly affect the rate. By doing this, it helps us to advise our clients when we think the rate could be good, and when we think the rate could possibly take a dip.
One of those issues that could possibly affect the exchange rate is the UK General Election, coming up in May. Political situations bring some uncertainty to the market, and previous rates and history show that around uncertain times also comes a dip in the exchange rate.
With the rate currently being so high, sitting at 1.38, and yesterday (Friday 6th March 15) the exchange rate very briefly reaching 1.39, it could be time to start thinking about fixing a rate, particularly if your plans for purchasing a property are in the coming months. We can help you to do this, and tell you what it is that you need to do in order to get the best rate that you can.
Did you read our previous blog about how the exchange rate affects the purchase price of your dream property in Spain? Take a look.
There really hasn’t been a better time to buy since 2007. With our buy safely process, great prices for both re-sale and new build properties and the exchange rate very much in the buyers favour, be savvy and speak to us today.
