Blog

Costa Blanca News

Get more for your money on foreign property

buying property abroad

The smarter smarter way to buy Euros

With Euro exchange rates at their highest levels since 2006 many foreigners are looking to buy property in the Eurozone, Spain of course being a favourite destination for us British.  Read on to see how it is possible to make your money go even further…

Banks versus foreign exchange specialists

international money transfersDespite the availability of top-end commercial exchange rates, most private individuals still use their bank to transfer money internationally, and in doing so may be missing out on savings up to 5%.

When buying a property abroad the sums of money involved are considerable and therefore the potential savings are considerable. Choosing an independent financial services company such as our trusted partners deVere Foreign Exchange can help make your money go further.

For more information on how to save money when buying foreign currency and Download this free guide.

Did you know it’s possible to lock in today’s exchange rates for upwards of a year?

It is prudent to take your time when buying property, especially when the property is in a foreign country, however the foreign exchange markets can move considerably over a given time period. Nevertheless you can secure today’s exchange rate effectively allowing you to budget and eliminate foreign currency volatility. This can be achieved by means of a Forward Contract (a financial instrument which allows you to book today’s rate and hold this rate for upwards of 12 months).

Talk to an independent financial consultant

MIA’s trusted partners deVere Group is the world’s largest independent financial consultancy group with in excess of US $8 billion of funds under administration and management, deVere has more than 60,000 clients in over 100 countries.