Reply To: GBP rally could help a lot of expats.



@Observer wrote:

See the pound is rising against the Euro and looking better all of the time.

Ex Pats must be feeling less trapped in Spain
It will help many with mortgages,lower interest rates hopefully some will be able to hold out till things improve.
Less desperate to sell ?
Good news for those looking to buy if they feel that prices in some areas are not going to drop through the floor.
There will be downsides and no doubt this will be explained here somewhere.
Seems the Banks and the legal system abuse of the law may just work for them in the end.

The Pound can increase today and decrease tommorow… Unless it jumps high or falls abruptly, it should not make a big difference in the process of buying and selling.

Mark pointed out that 484 properties sold in all Spain the first trimester to non-residents, out of which maybe 100-150 could be British. This is so insignificant that one can safely say that there are almost none UK buyers in Spain at the moment. I am not saying that the interest is not there…