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Old 15th February 2010, 09:54 PM   #6
Stephen
Mega Forero
 
Join Date: May 2007
Location: Yorkshire, UK.
Posts: 269
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Quote:
Originally Posted by greytop View Post
Even if you are going back and IF you can sell, you may get back your sterling. The lower price is somewhat offset by the exchange rate.****


Pass the crystal ball
Don't many homes on the costas just change hands from one Brit to another? People looking to buy with their pounds changed into euros presumably in many cases are having to settle for a less desirable property than they would have gone for a couple of years ago due to the falling pound.

That must put downward pressure on prices of houses.
Although I can see how that's balanced for the would-be buyer by the price drop in the Spanish housing market.
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