Costa Blanca Property May Fall in Price in 2017, as Pound Strengthens
by Carole Exton in Guest Authors
Do you intend to buy a Costa Blanca property in 2017? If so, whether you’ve got your eye on a 2-bedroom villa in Algorfa for €265,000, or 3-bedroom apartment in Punta Prima for €139,000, you’ll want the best exchange rate. After all, the higher the pound, the more affordable your dream Costa Blanca property becomes! With this in mind, here are 4 reasons why the exchange rate may rise in 2017.
- Sterling could strengthen, because the UK economy remains in excellent shape.
- The pound may rise, because Donald Trump looks set to favour the UK.
- The euro could weaken, because the ECB is extending its emergency stimulus.
- The common currency may struggle, because Europe faces several tricky elections in 2017.