Overseas Property Market

Welcome to our latest update on the world of overseas property sales, opportunities remain the main topic of conversation this issue , again we are recording increased activity from buyers with investors more prepared to take longer term risks .

Sterling to Euro exchange rate has seen a slight recovery with an increase from 1.08 from the beginning of April to the heady heights of 1.1350 last week, this week seeing it open at slightly under 1.13 Euros to the GBP.

Spanish Bank, Banco Pastor are entering the mortgage market with offerings to non residents of up to 70% LTV which a good sign and encouraging for borrowers.
We remain to see some exceptional value in property prices and in this edition of our newsletter we bring you a selection of some of our best value apartments.

Cost of flights remain on everyone’s lips to the Canary Islands and some current offers from Thomas Cook look to alleviate the pain in this area, Greece enjoys some excellent value for flights currently with some stunning offers to both the Islands and the main national airport in Athens, visit our links at the bottom of the newsletter to find some of the current offers.
My view of today’s marketplace remains the same there is no better time to buy than now, I can here you all say well of course he would say that he is an Estate Agent !! but seriously my view is with some of the prices we have on some properties today we will never be able to beat them.

Happy hunting and of course at GoldAcre Estates we are always on hand to help and advise with any questions you may have.