Wednesday, January 24, 2007

Why 2007 is the year to buy property in Spain

2007 is going to be a great year for buying . The choice is now larger than ever and with a lot of new build properties available immediately you can get a great deal and not have to wait 18 months before you can move in. You will also be able to view the property you are going to buy and not just a show house.

Not only are there some new build bargains about but with the Pound going from strength to strength you with also gain on the exchange rate. The exchange rate hit a high of 1.52597 on January 22. If you compare this to the exchange rate to back in September 2006 when it was 1.46704 you could save nearly £4,000 on a 150,000 euro property or around 4%

Jan 2007 150,000 euros = £98,298
Sep 2006 150,000 euros = £102,246

If you would like to take advantage of this, simply contact us for further details.

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