Retail & Services
INCREDIBLE SAVINGS
Ford Transit Custom 320 L1 2.0 TDCi EcoBlue 136ps Limited.
Selection of colours available
Registered March…
03.05.2024
Understanding Pound/Euro Currency Exchange Can Minimise The Cost Of Your Property Purchase
One of the first and most important steps on the journey to buying a property in Spain, is understanding the purchasing of currency. As Spain uses the Euro, and the UK uses the pound, there is an exchange rate that is constantly fluctuating, due to economic events.
Whilst the UK banking industry offers a service of currency exchange, it is essential that buyers understand that there are wider, and more competitive, options available meaning that you can pay less for your Euro.
When just a slight movement of the exchange rate can result in costing you thousands more pounds when buying your Spanish currency, being up to date and informed is of prime importance.
Example:
The below villa is currently for sale at €2.495.000,00 EUR (plus purchase costs.)
With an exchange rate of circa 1.1596 (euro to pound) as seen in March 2024, the sterling cost of this villa was £2.151.604,00.
However, with an exchange rate of circa 1.1693 (euro to pound) as seen on 2nd May 2024, the sterling cost of the villa was £2.133.937,00.
A difference of £17,631.
Whilst this example is just a snapshot of the saving, it highlights the importance and value of using a service that observes the exchange rate and advises accordingly.
That's why we offer a currency consultation with a broker. Once you are registered with a currency broker, you will receive a personalised service to guide you through the process.
If you would like assistance in this area, get in touch with us directly at [email protected], or via direct message on this portal.
Rob Lynsdale
Your Place in Spain www.yourplaceinspain.com
Better Living Spain www.betterlivingspain.com
(All prices stated in this article are subject to purchase costs.)
Whilst the UK banking industry offers a service of currency exchange, it is essential that buyers understand that there are wider, and more competitive, options available meaning that you can pay less for your Euro.
When just a slight movement of the exchange rate can result in costing you thousands more pounds when buying your Spanish currency, being up to date and informed is of prime importance.
Example:
The below villa is currently for sale at €2.495.000,00 EUR (plus purchase costs.)
With an exchange rate of circa 1.1596 (euro to pound) as seen in March 2024, the sterling cost of this villa was £2.151.604,00.
However, with an exchange rate of circa 1.1693 (euro to pound) as seen on 2nd May 2024, the sterling cost of the villa was £2.133.937,00.
A difference of £17,631.
Whilst this example is just a snapshot of the saving, it highlights the importance and value of using a service that observes the exchange rate and advises accordingly.
That's why we offer a currency consultation with a broker. Once you are registered with a currency broker, you will receive a personalised service to guide you through the process.
If you would like assistance in this area, get in touch with us directly at [email protected], or via direct message on this portal.
Rob Lynsdale
Your Place in Spain www.yourplaceinspain.com
Better Living Spain www.betterlivingspain.com
(All prices stated in this article are subject to purchase costs.)
Over 20 years of experience in the Spanish property industry, and over 30 years of experience in the sales and marketing industry.
Financial Services
August Exchange FX Market Outlook - 17/06/2025
As we move deeper into June, foreign exchange markets are poised for further volatility driven by critical economic…
Training and Development
Re- Looking to Recruit FOC & Upskill Employees FOC +...
Apprenticeships are Fully Government Funded and increasing at a fast pace across most business sectors, with many…
More Articles
Employment & HR
🔥They're not lazy because they're working from home....
🔥They're not lazy because they're working from home.They're just lazy.I keep hearing this;“They’re not engaged…
Employment & HR
The Neonatal Care (Leave and Pay) Act 2023
The Neonatal Care (Leave and Pay) Act 2023, which came into effect on April 6, 2025, provides new rights to leave and…
Employment & HR
Lets face it, I’m not your priority. But will you be...
Lets face it, I’m not your priority. But will you be mine when...↳A sex discrimination claim surfaces because you…
Would you like to promote an article ?
Post articles and opinions on Professionals UK
to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.