Spanish Property Forums, News & Discussion

This topic has 12 replies, 10 voices, and was last updated 9 years, 10 months ago by rt21.

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- March 24, 2011 at 3:02 pm #56162
  
  Anonymous
  Participant
  
  I don’t understand why as the Euro isn’t exactly shining against most other currencies but I see the pound is slipping again. Down to €1.14/£0.87 today.
  
  I haven’t seen any press comment. Can anyone explain what is happening here?
- March 24, 2011 at 5:08 pm #103564
  
  Anonymous
  Participant
  
  Budget forecasts lower growth = higher PSBR/GDP = more QE2= more inflation = weaker Pound 😉
  
  That’s my stab at it.
- March 24, 2011 at 5:14 pm #103565
  
  Anonymous
  Participant
  
  It’s just hit 88p to one Euro.
  
  The Euro is holding surprisingly well against the Swiss Franc which I’m more surprised about.
- March 24, 2011 at 9:12 pm #103568
  
  Anonymous
  Participant
  
  @charlie wrote:
  
  It’s just hit 88p to one Euro.
  
  The Euro is holding surprisingly well against the Swiss Franc which I’m more surprised about.
  
  Only sort of. It’s down 11% in a year against the CHF, 20% in 3 years.
  
  Which makes me wonder, why aren’t the Swiss buying up Spanish property?
- March 24, 2011 at 9:36 pm #103569
  
  adiep
  Participant
  
  Interest rates. The ECB are promising rate rises, Euribor is heading north. The money will follow it.
- March 24, 2011 at 10:06 pm #103571
  
  petej
  Participant
  
  @mark wrote:
  
  Which makes me wonder, why aren’t the Swiss buying up Spanish property?
  
  Funny you should say that, I have noticed a good number of Swiss registered cars in and around the Moraira and Javea areas!
- March 24, 2011 at 10:18 pm #103572
  
  Anonymous
  Participant
  
  I would love to be the fly on the wall when the Swiss are viewing the properties & comparing the quality of construction in Spain in comparison to Switzerland. Could this one of the reason or perhaps they have funds of protaganist like Roca with them & knows a thing or two about Spain.
- March 24, 2011 at 10:39 pm #103574
  
  Anonymous
  Participant
  
  I’ve met quite a few Swiss in Denia and the number appears to be increasing.
- March 24, 2011 at 10:54 pm #103575
  
  katy
  Blocked
  
  @mark wrote:
  
  @charlie wrote:
  
  It’s just hit 88p to one Euro.
  
  The Euro is holding surprisingly well against the Swiss Franc which I’m more surprised about.
  
  Only sort of. It’s down 11% in a year against the CHF, 20% in 3 years.
  
  Which makes me wonder, why aren’t the Swiss buying up Spanish property?
  
  Maybe because there is a big world out there, Spain is not the sort of place that appeals to the majority of Swiss. Having lived in Geneva I can see why they wouldn’t. The Swiss are a canny lot anyway and they like perfection and super cleanliness.
- March 24, 2011 at 11:10 pm #103577
  
  Anonymous
  Participant
  
  @I wrote:
  
  The Euro is holding surprisingly well against the Swiss Franc which I’m more surprised about.
  
  @mark wrote:
  
  Only sort of. It’s down 11% in a year against the CHF, 20% in 3 years.
  
  I wasn’t being very clear, was meaning it’s been holding well during the last few months since the Irish bailout (end November), murmurings of Greece defaulting and now Portugal’s likely bailout. I would’ve thought sentiment would have deserted the Euro for the traditional safety of the Swissy but during these four months the only difference is a drop from 1.32 (end Nov) to currently just under 1.29.
- March 25, 2011 at 8:18 pm #103595
  
  Anonymous
  Participant
  
  If you switch on Sky News and watch the fireworks display in Libya, you’ll know why the pound is falling. Those fireworks are expensive, something like a million pounds a bomb.
- March 26, 2011 at 7:48 pm #103604
  
  Anonymous
  Participant
  
  Whats, a million pound in love & war !!!!!!!!!!
- March 27, 2011 at 7:28 am #103606
  
  rt21
  Participant
  
  @Rocker wrote:
  
  If you switch on Sky News and watch the fireworks display in Libya, you’ll know why the pound is falling. Those fireworks are expensive, something like a million pounds a bomb.
  
  I would have thought the biggest factor affecting the appreciation of the euro against the pound was the bullish statements coming from the ECB about a rise in interest rates.
  
  Richard
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