Still Huge Interest in the Spanish Property market

Posted by SpanishHotProperties 271 days ago (http://www.spanishhotproperties.com)
Category: World & Business | Tags: spanish property property in spain

Apparently there is still huge interest in the Spanish property market amongst UK buyers especially concerning Costa del Sol property, Mallorca property and Costa Blanca North property according to a recent survey of Spanish Hot Properties of its registered customer base there is one major overriding factor as to why those people interested in buying property in Spain have not bought and that is the exchange rate according to Susana Suspenda, marketing and operations manager of Spanish Hot Properties

“in reality the exchange rate is key and from the conversations we have had it could well be physiological as well as a strictly business view. In October time when the Euro hit a peak of about 1.27 there were buyers ready to buy but we all know what happened to the exchange rate. On one huge discounted development the developer was still prepared to do a deal to a sterling equivalent of 1.10 but those people still couldn’t bring themselves to buy with most of them telling us that they still very much want to buy but not until the Euro hits 1.20 Explained Susana

Now these people may get there wish in the very near future with sterling improving this week and only seven cents of the physiological rate of 1.20 and it should be interesting to see if these people come into the market when sterling achieves this rate. Spanish Hot Properties would advise any buyers to seriously look at a company life HIFX to forward buy currency once it hits this level especially if this a level of currency exchange rate somebody is happy to enter the market.

The other types of buyers registered with Spanish Hot Properties are the cash buyers and Investors who have joined their Investor Club or registered on their most visited page Spanish bank repossession Property and Distressed properties in Spain. These people are primarily still sitting on the fence looking for the market to come down even further in Spain but have told Spanish Hot Properties they intend to move into the Spanish property market in 2009.

Anyone wishing to get the right advice about buying Spanish property in 2009 should contact Spanish Hot Properties by either phone or email

CONTACT VIA POST
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Spanish Hot Properties SL
Gerald Brennan 46
Alhaurin El Grande 29120
Malaga
Espana
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