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Great time for Brits to rent property on Costa Blanca, as pound flies

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Great time for Brits to rent property on Costa Blanca, as pound flies

13.08.2014

Do you plan to rent a holiday villa on the Costa Blanca this year? If so, it will please you to know it’s now far better value to do so, because the pound recently hit a 23-month high versus the euro. To be specific, sterling has reached 1.2699, its strongest since August 21st 2012.

What this means for you when you rent a Costa Blanca villa is that you’ll receive far more euros when you exchange currencies. For example, were you to exchange £1,250 for when you go to Spain, you’ll now receive +€170 more than if you’d done so back in March 2013, when the pound was weak. So this could really help you splash out on your Costa Blanca holiday!

Sterling has climbed versus the euro this year, because the UK economy is flying high. For example, the UK expanded +3.2% between April and May compared to a year ago, more than any other major economy. By contrast, the Eurozone economy has not only stalled, but faces the very real possibility of Japanese-style deflation. So, that’s boosted the pound!

What’s more, you might soon be able to receive even more euros for your holiday on the Costa Blanca, if the pound rises further. Sterling may continue to climb, because UK unemployment dropped to just 6.4% in June, close to where it was before the financial crisis. This suggests the UK economy is going from strength to strength, which may boost the pound higher too. So, with this in mind, it’s a great time to rent a holiday villa on the Costa Blanca, as the strong pound cuts the cost of doing so!

By Peter Lavelle at foreign currency dealer Pure FX. For free expert advice when you buy euros for your Costa Blanca holiday, call us on +44 (0) 1494 671800 or email enquiries@purefx.co.uk.

Pure FX

We’ll be delighted to help.

The post Great time for Brits to rent property on Costa Blanca, as pound flies appeared first on Premier Villas Blog.


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