Sterling enjoyed a solid week last week, touching its highest levels against the euro for 18 months in quiet trading before retreating on Friday as speculators took their profits. It was helped higher by a solid rebound in Gross Domestic Product which encouraged thoughts of the economy returning to pre-pandemic levels before the year is […]
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As expected, two events dominated the market’s last week, the monthly meeting of the Bank of England’s Monetary Policy Committee and the employment reports from the US. The Bank was moderately hawkish and is now firmly in the camp of central banks looking to tighten sooner rather than later. As expected, sterling gained against the […]
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What has been happening in the property market locally across Orgiva, Lanjaron, The Alpujarra and Lecrin Valley. First, let’s have a look at the facts and figures across the local markets and then we can look at some interesting numbers affecting this. Then we can take a look forward to what the rest of the […]
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Last week, the dollar put in its worst performance this year after the Federal Reserve meeting was perceived as less hawkish than analysts predicted. In actual fact, the Fed did say that “progress” was being made towards normalisation, but in a relatively quiet market, traders ignored the subtleties of language and decided to sell dollars. […]
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Statistics On the market with 1 agent and trying to sell privately also Time on Market before Lanjaron Property – almost 2 years Time on Market with Lanjaron Property – 2 days Time from offer to completion – 9 days What do you do when you live over 600km away from the house you […]
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Court rules that buyer does not have to pay estate agent a buyer’s fee! A provincial court in Andalusia has ruled in favour of the direct purchase of a property between buyer and seller without the need for the new owner to pay commission to the estate agency that was showing it. The Provincial Court […]
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The currency markets had a quiet time last week, which is hardly surprising as we approach the peak summer holiday period. Ranges continue to get narrower, and volumes continue to decline. There were, however, some interesting developments, not least from the Bank of England. After both the Royal Bank of New Zealand and the Bank […]
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Currency news 12th July 2021 In the last week, the focus for many traders has switched from fears of rising inflation to concerns over the re-emergence of Covid combined with a slowing economy. Almost as the Fed published the minutes from its June FOMC meeting, the market’s attention switched to worries over the recent run […]
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Having insurance for your property in Spain is no less important than in any other country. It doesn’t matter if it’s a flat in town, a coastal villa, or a country finca. Insurance offers peace of mind. If something awful happens, like fire, flood, or burglary, you will have a safety net to help […]
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A new tax reduction has been announced on property purchases within Andalusia. Mathew tells us more in this video.
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