Here at Sol Services we recommend using a specialist currency service, such as A Place in the Sun Currency, for clients buying or selling property in Spain.

Variations in the currency markets can affect your budget significantly. During 2023, the Pound to Euro exchange rate has varied by over 5% – meaning the cost of a typical €200,000 property has varied by around £9,000 during the course of the year.

More importantly, a reputable currency broker can save you up to 3.5% on the cost of your Euros, compared to a typical high street bank, on any given day. That equates to a saving of up to £6,000, whatever is happening in the markets.

A Place in the Sun Currency are also the only currency specialist dedicated to buyers and sellers of overseas property. Their personal service, with an account manager on hand throughout the process, will make your life easier, as well as your property cheaper.

When choosing a currency broker, do check their reviews and ensure that they are regulated by the FCA, for the best levels of both service and security. And make sure to contact them for a discussion early in your buying journey, because they will be able to help you budget sensibly, and get everything set up to run smoothly when you do decide to buy your own ‘place in the sun’.

There are also options available, such as fixing your exchange rate in advance, which can help you keep your budget in Pounds and avoid seeing your costs go up should the exchange rate fall before your completion.

For more information submit your details below and a member of the team will be in touch to discuss your options.

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