Marbella property now within closer reach… as pound rises against euro

In this article I will explain how Marbella property is now less costly, because the pound to euro exchange rate has become more favourable. It goes without saying that buying your dream property in Marbella can be an expensive business. With this in mind, it may please you to know that you can now look forward to an extra helping hand to bring down your costs, in the form of a favourable exchange rate. Just today (8 October), the pound to euro exchange rate touched 1.35, a whopping +15 cents higher than back in January 2014, 21 months ago. What this means is that you won’t have to save so much to get the keys to your ideal Marbella home, because you’ll get far more euros when you exchange currencies. For instance, let’s say you intend to transfer £250,000 to your Spanish bank account. With such a sum, you’ll now get +€337,500, +€37,500 more than back at the start of 2014, when the pound was down and out! Sterling has reached 1.35 against the common currency, first because the eurozone recently returned to deflation. Prices fell -0.1% on the continent last month, pointing to Europe’s economic troubles. Second, the pound to euro exchange rate has also risen, because the UK is on course to be one of the fastest-growing major economies in the world for the third year running, according to the IMF. Hence, thanks to the favourable exchange rate, realising your dream of owning a beautiful Marbella home is now that much more affordable. Amongst the properties within reach for £ 250.000 could be this charming penthouse: http://www.villamarbellanow.com/en/listing/spain/costa-del-sol/aloha/apartment/67849/

This fantastic fully-renovated two-bedroom penthouse is situated in a popular community in the heart of Nueva Andalucía (Marbella). A bustling lifestyle and restaurants are just around the corner – it is close to the Centro Plaza commercial centre and within walking distance of Puerto Banús. The apartment is presented in immaculate condition. This is a fantastic opportunity to acquire an apartment in a superb accessible location with excellent short-term rental potential – or as a pied-à-terre for the enthusiastic golfer. We shall assist in any manner, with both mortgage expertise and currency transfer services, to make your purchase easy, convenient and affordable. In collaboration with Peter Lavelle, PureFX

Marbella property now within closer reach… as pound rises against euro

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