as flosmichael says, there are many things about buying in Spain more worrying than the exchange rate. Huge damage has been done to Spains reputation as a place to buy, and most people I speak to wouldn’t touch it with a bargepole at the moment. Corruption, land grab, slow and poor laws, rough justice, court cases stretching out years, huge areas ruined, many half finished, half lived in developments, rising cost of living/taxes etc, falling property prices, and to top it all a government doing very little to change things that have done and still are doing so much damage.
Obviously some will ignore all the above and find good reason to buy still for lifestyle reasons and that’s fair enough, but many will be keeping an eye on things I think and perhaps look seriously at buying in a year or two…..or three??