The Pound is King again in Spain…..

PRLog (Press Release) - Jun 02, 2008 -
But not anymore due to an ingenious scheme from

Live Med Coast S.L. a privately run estate agency based in Costa Blanca South and La Manga del Mar Menor, has come up with a scheme with a local builder in Cartagena to sell his property  at a fixed, guaranteed exchange rate of £1 = €1:50 or better. The contract will be in sterling and all the payments will be in sterling, avoiding any currency fluctuations that could occur, and even the final payment can be by a sterling mortgage, so as to safe guard your monthly mortgage payments.
This offer is for a new, off-plan apartment which is located in La Puebla, only 10 mins from San Javier, Murcia airport and the beautiful beaches of the Mar Menor. Alicante airport is 55 mins and the new Corvera, Murcia airport will be 30 mins. The coastal town of Los Alcazares is 5 mins away and it is close to many golf courses. This secure, gated resort has its own communal pool plus indoor Spa area with heated pool, sauna, Jacuzzi and hydro massage.

The 2 bed, 2 bath ‘bungalow’ apartments on offer are ground floor with private gardens or top floor with private roof solariums accessible by private staircase. With a living area of 60m2, plus 11m2 terrace, plus garden or roof solariums of approx 40m2, each apartment also comes with underground parking space, store room, fully fitted kitchen incl. white goods, pre-install of air-con and solar panels included in the price. Prices start from £88,900.

Eg. Apartment no.20 ground floor – builder’s list price €136,000. Guaranteed sterling contract price of £88,900 – exchange rate of £1 = €1.5298. Only £2,000 reservation required to secure.

The directors of Live Med Coast are working on other schemes to buy property in Spain on fixed Sterling contracts, perhaps not quiet as good as this one but hopefully they say with rates starting at 1.35 to the euro…