Pound to euro

1.205 :) 

1.1983 at the moment.

Amazing how we are so impressed by the rise from 1.13. 

Not mentioning the MASSIVE drop from BEFORE the referendum 1.23+.

As above..... Now lets see (2015) 1.40 before Mr C. & the rest tried to fix something that wasn´t fixed in the UK.

V

Or even 2004 1.51

I suppose a lot of this is relative - is it plausible that someone bought a great place in Spain in 2004 @ 1.51 and the property then lost half, or a great deal, of its value after the crash?

Maybe given UK property prices have risen fairly well over the last 10 years an exchange rate of 1.195 or 1.2 is pretty good given the amount of property on the Spanish market and the relatively slow rates of property appreciation in Spain.

Long and short of it for many is that it's better than 1.08 which is where it was until fairly recently. C'est la vie :)

True. The cost as far as value of property is only relevant if you are looking to sell.

Yes my property dropped in value when the pound crashed to 1.13 then down to 1.10. However that is totally irrelevant as i didn't buy to sell. It still points to the fact that the pound was STRONG 15 years ago and then dropped due to the recession. Then plummeted after the referendum. Overnight to drop from 1.23 to 1.13, 3.5 years to recover to 1.19/1.20. UK from 2nd richest nation to 4th overnight. This still says that the pound is NOT strong, just stronger than 3 years ago.

Depending on the area, the prices of property are not as cheap as made out on the TV programmes. Admittedly cheaper around Torrevieja way but property up here (north of Alicante) excl Benidorm are still reasonably expensive. Apartments starting around 180,000 in a decent area. For that you can buy a Villa around Torrevieja / Los Alcazares etc. Current properties being built around 500,000 Euros.

I'm sorry, but your last paragraph is nonsense. There are some great apartments on the Costa Blance North from 90.000 euros upwards and great new build luxury apartments from 125.

Resale villas at the lower end from 140 to 200, and a lot of great choice from 200 to 300.

In areas that are not full of ex pats then the properties are not anywhere near that price. Properties around that price that need some work. 

Definitely no new build luxury apartments for 125,000. 

What i meant to say is. There are apartments currently being built in Campello centre for 2 bed new build 183,000 +, 3 bedroom 243,000. My other part was, there are new villas being built in Muchavista (el campello) 440,000+. 

My 3 bed villa was 200,000 euros (new 15 years ago) but that didn't include the garden work, pool, terracing etc so nearer to 230,000 euros. 10 minute drive to sea but with sea views.

The further you go from the sea obviously cheaper but generally need work. You can buy apartments reasonably in the more Spanish 'residential areas', older apartments with no lift, up streets with views of the apartment opposite, but that's not what most people are looking for when buying 'a place in the sun'. This is more around where I live. If you go into areas like Aigues then they are bigger and cheaper but you are miles from anywhere. I looked at property there (2 in 1) cheap, but you needed a 4 x 4 to get to it.

Unlike Los Alcazares where you can buy a (smallish) villa for around 90-100,000 euros. 

I have just bought a 1 bed apartment for holiday rentals, sea front. That was 99,000 euros plus costs and needed work. Depends what sort of area you are looking at. 

Just for comparison a parking spot in an apartment block is between 6,000 and 20,000 euros plus purchase costs here (again depending on proximity to sea).

I think a visit to Rightmove would prove my point quite easily. I live near Denia and watch property prices daily. Go have a look. Enter Costa Blanca North>€90.000-140.000 and you have some excellent choice. Maybe 125 for new build was a stretch on my part but not massively above that.

Prices have risen here and if you bought carefully without getting carried away and at the right exchange rate you can come out on top. I bought an apartment on a good development in 2017 @1.21 euro for 65.000 all costs included, identical apartments selling now for 95/99.

I also bought a 1 bedroom brand new good spec apartment in 2016 @1.30 exchange, bank repo, now looking at 30% return if I sell it. Before CGT

I do feel that there are a lot of people, mainly on the CBS who tell you that you can't make good returns on Spanish property, I believe it is possible.