Tuesday, April 14, 2009

The Value of Sterling and Houses for sale in Spain

Houses for sale in Spain can currently be found at 2003 prices but don't be surprised if you start to see some price rises soon on the site from British based sellers. The Pound which had fallen to almost parity with the Euro now stands at 1.11 Euros and is rising slowly. This is because the European Central Bank cut rates again last week and made it pretty clear that rates will drop again next month to get more in line with rates in the UK. This will again mean a strengthening of Sterling against the Euro. Spanish property for sale may well rise if the property is in a good area that is not overdeveloped. A report in El Mundo newspaper yesterday stated that the beginning of the end of the crisis has arrived with transactions well up in the first quarter of 2009 compared with 2008.

Therefore if you are prevaricating, my favourite word this morning, on whether to buy a place in Spain then do it now. Medium and long term there may well be another generalised rise in the pound against the Euro but it cannot be a sure thing in these uncertain times. The only certain thing is that your quality of life is the important thing and if you are constantly surrounded by the negativity of the UK then a change may well be as good as a rest. Sit out the crisis by getting your hands on a bargain Spanish property and check out our videos at Houses for sale in Spain where you can see videos about the lifestyle aspects of living here.

Images are from a house for sale in Spain in Villamarxant at 180k

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