Blakemore Walker

Chartered Surveyors & Legal Consultants in North Spain

Tel : (0034) 985 556 142

UK : 07752 686 936

Email: enquiry@blakemorewalker.com

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BUYER'S BRIEF

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COMMENT ON AGENTS

PROPERTY AND THE EURO

March 2019 - The current exchange rate between the euro and the pound has ticked up in recent weeks to around 1.16 but with Brexit negotiations still in the balance the rate could continue to be volatile.

The exchange rate is one of the most important factors for the British buyer. Over the last 10 years the rate has been as high as 1.45 and as low as 1.09. When considering a property purchase in a foreign currency there are many companies offering services from the high street banks to dedicated foreign exchange companies. Our only advice is to shop around and secure the best rate possible because a few points difference on the excahnge rate paid can sometimes literally save thousands of pounds in some cases.

© Blakemore Walker 2004