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Murcia Property News

New Office Open in Manchester

showroomphoto 2With thanks to Your Place In Spain, Murcia Villas properties are now on display in their new office now opened in Sale in Cheshire. If you are passing (103 Washway Rd) please feel free to pop in and have a chat with Rob, Joanne and the team at Your Place in Spain

Currency News

Great time to buy a property in Murcia, as pound hits 16-month high 

Some welcome news if you're a Brit planning to buy a property in Murcia! Murcia property has fallen in price recently, as the pound has hit 1.2301 versus the euro, its highest in 16 months, or since January 8th 2013.

How much will you save on a Murcia property?

To put this into context, the pound was as low as 1.1371 against the common currency last March. Hence, it's since climbed almost 10 cents. Were you to transfer £125,000 to Spain to buy a property in Murcia, you'd hence now get +€11,625 more than last March!

Why has the pound risen against the euro?

Sterling has risen, because the UK economy is going a mile a bit lately. For instance, the Bank of England thinks the UK economy will expand +3.4% this year, far faster than the Eurozone, and indeed any other major country. So this explains the pound's strength!

Will Murcia property become even more affordable, as the pound rises further?

Moreover, Murcia property could become even better value in 2014, as the pound looks set to rise higher against the euro. This is because, for instance, the Bank of England may soon become the first major central bank since the financial crisis to hike interest rates. So this may lift the pound!

How can you get the best exchange rate for your Murcia property?

The most important thing is to compare the exchange rate you're offered, before you transfer your money to Murcia. This is because a specialist currency broker will give you an exchange rate up to 4% better than your high street bank, potentially adding thousands to your euro total.

In addition, if you like the current exchange rate, but don't yet want to transfer your money to Murcia, you can 'lock in' the exchange rate with a forward contract. This lets you transfer your money any time you like in the next two years at the current great exchange rate, even if it falls in the meantime.

About the author 

Peter Lavelle is a currency dealer at foreign exchange broker Pure FX. To get free currency advice for when you buy a property in Murcia, call him on +44 (0) 1494 671800 or email This email address is being protected from spambots. You need JavaScript enabled to view it. This email address is being protected from spambots. You need JavaScript enabled to view it. . He'll be happy to help.

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