What to do if buying a property in Spain as Sterling exchange rates become increasingly volatile [Video]

IF you’re considering buying property in Spain, recent fluctuations in the pound-euro exchange rate are definitely something to keep an eye on.

The start of the month saw the pound drop sharply after reaching a near 30-month high just a few weeks ago, driven down by the UK’s Autumn Budget and some strong economic data from the Eurozone.

After a promising start, the pound rose in anticipation of Chancellor Rachel Reeves’ budget announcement. But that optimism quickly evaporated as Eurozone GDP figures revealed unexpected growth, with the bloc’s economy accelerating from 0.2% to 0.4% in the third quarter, coupled with Germany avoiding recession.

This was a wake-up call for anyone looking to transfer their pounds into euros for a property purchase.

The euro gained further momentum thanks to higher-than-expected inflation figures, which suggested the European Central Bank (ECB) might hold off on rate cuts. In contrast, the UK budget announcement …