Donald is in – UK on way out!

What an interesting week in the world of Politics – earlier Mrs May said we are going out of the single market and out of the customs union and Friday saw The Donald in the White House. How does this effect the Spanish Property Market?

Well, the only way it impinges on clients’ buying a Holiday Home in Spain is because of the strength of the pound against the Euro and our friends at Currencies Direct showed the following rates throughout the week – all am rates – Monday 1.1348; Tuesday 1.1372; Wednesday 1.1543; Thursday 1.1540; Friday 1.1555 so a little more positive for the pound and for our buyers because if you bought a €200,000 property on Monday it would have cost you £176,242 but if you had bought on Friday it would have cost £173,085 and that’s over £3,000 difference.

Always worth talking to a currency advisor who could well help the buying decision! We use Currencies Direct but there are many others available!

Posted by: Jeremy on 21/01/2017 @ 2:03 pm
Filed under: Blog
Currencies Direct

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