Having seen the pound slither its was down to almost one to one with the euro it is 
heartening to see it rising back up. Holding at 1.19 it is destined to go higher later this year with the market men suggesting 1.25/1.26 and with a favourable wind behind it perhaps even 1.30!! That would be a day to celebrate.
Lesley McEwan of Cadizcasa Estate Agents on the Costa de la Luz said ‘the decline of the pound was a tragedy for all UK house owners in Spain who wanted to sell. The natural decrease in property prices due to the world economic crisis and the near parity of the pound to euro was a horrible situation.
However, we can now see light at the end of the tunnel with the pound strengthening and the British buyers coming back to snap up a few bargains while the prices are still good. The house prices have started to rise here and we are seeing an upsurge in both Spanish and European clients looking to buy. We also have some North American clients keen to invest in Spain and we are seeing the consortiums taking a new interest in multiple purchases, so if you are looking to buy now is the time. Any delay could leave you disappointed by a shortage of the right type of properties or a price increase.
Spanish property has a renewed vigor and we at Cadizcasa intend to continue to do our best for our clients and provide a professional and friendly service to both buyers and sellers. We have weathered the economic crisis and indeed expanded our business over the past 3 years so we intend to be here for a lot more years to come’