Can I make an offer on a Spanish property?

Posted on 11 August 2011

Of course you can.
You can start making offers after you’ve done the following:
• Make a search from the wide range of available properties
• Select the ones that best fit your choice
• Carry out a physical inspection of the properties you’re considering
• Obtain detailed information on the payment process
The agent you’re dealing with should inform you of the acceptable offer for the property you want to purchase. However, you shouldn’t settle for an offer if it’s ridiculously hiked. Generally, agents always charge exorbitant prices because they want more commission for themselves. So try and see if you can negotiate for a lower and better deal.
Again, it is important to note that the price of a Spanish property in Euro doesn’t change while the price of the same property in sterling changes. This disparity is due to the fluctuations in exchange rate between both currencies.
Be sure to contact a currency exchange specialist to obtain information about the current exchange rate before making your offer. This will guide you to make the right decision. Also, the currency exchange specialist can help you secure the Sterling at a fixed rate for future purchase.

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