When you are buying property in Spain, the price of that property in pounds will change constantly, as the sterling/euro exchange rate fluctuates. Over the course of days, weeks and months, this price will change – sometimes dramatically. This means you could end up paying more than you expected, even in as short space of time. For example, if you agree to purchase your dream property on the Mediterranean coast for €250,000 at a GBP/EUR rate of 1.40, the property would cost £178,571; if you completed the purchase a week or so later, when the rate had fallen to 1.34, it would now cost you £186,567 – costing you almost £8,000.
At Spain Buying Guide, we recommend registering with Smart Currency Exchange as soon as you know you want to buy a property in Spain. As soon as you open your free, no-obligation account, you will be allocated a personal trader who can monitor the market for you and offer you guidance on currency exchange and the right strategy for your own circumstances. You can also take advantage of their numerous resources, such as currency forecasts, and other news, reports and updates to help you understand the currency market and how it can affect you.
This will help to ensure that you secure the best possible price for your property – and by planning your currency buying in advance, you can secure a good exchange rate in advance, meaning you don’t have to worry about market movements and can plan your budget with price certainty.
Smart Currency Exchange is an expert in providing currency transfer services in the overseas property market; Spain Buying Guide, and our parent company the Overseas Guides Company, have worked with them for over a decade, and we are confident in recommending them to our readers who need help saving money when purchasing property in Spain.
About Smart Currency Exchange
Smart Currency Exchange is able to make transfers in over 20 currencies, to or from anywhere in the world. It has a direct relationship with the trading floor of an international bank, which enables it to achieve the exceptional exchange rates – and means your trader can offer you an on the spot exchange rate and save you money. All money sent to Smart Currency Exchange is held safely and securely in segregated client accounts with the Bank of Ireland and Barclays – ensuring that your experience is safe, fast and easy.
The benefits of Smart Currency Exchange
- Bank beating exchange rates
- Quick and easy transfers
- Safe and secure transactions
- No transfer fees or commissions
- Authorised by the FCA
- Dedicated Personal Trader
All Spain Buying Guide readers have the chance to receive a free, no-obligation quote from Smart Currency Exchange – along with their free report. You can also give them a call on 020 7898 0541.