Re: Re: Catch 22

#114717

angie
Spectator

This is my view, that is if Sterling weakens against the Euro as is happening now it will likely dissuade Brits to buy anywhere in the Eurozone as their costs will rise, this could mean that Spanish prices may have to be reduced further to compensate for this to Brits only, but not to residents of EU countries (so what do sellers do?) On the flip side, if any Brits in the Eurozone manage to sell they will benefit with exchange rate giving them more Sterling to return home.

The main factor is if the Euro rises not only against Sterling but other World currencies such as China’s and Russia’s if those areas are where Spain is pushing it’s properties.

However, a weak Sterling will mean Brits resident in the Eurozone will have less pension and income to live on if the source is the UK, so it is a conundrum 🙄