The currency blog

Sterling weakens

Peter Loveday, Head of Sales,

Disillusioned with the UK, foreign shores still hold an attraction for many people dreaming of living an alternative lifestyle in another country. Timid clients have been tentatively tiptoeing through estate agents’ doors and, slowly but surely; we have seen some interest returning to the market.

With Sterling dropping to 4-month lows against the Euro over the past fortnight, many agents are again worrying if this will deter their ‘Brit-buyers’. Certainly some sales could be put in jeopardy but some astute clients have mitigated their risk by fixing their rates with Currencies Direct.

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We understand that Aldea Asesores, SL have filed for ‘creditor protection’ which means an administrator is appointed by the Spanish Courts to run the Company.

The duty of advising all of Aldea Asesores’ clients of the situation falls to the Administrator – they should have communicated by post or email.

The ‘administrador’ has been named as Juan Carlos Dominguez Serrano. If you have not received anything from the administrator and you are a client of Aldea’s in any way please email  fiscalisquolex@hotmail.com
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Ryanair calculates that their decision to close its base at Valencia’s Manises airport will cost around 750 jobs given that more than seventy flights a week, and roughly three quarter of a million international passengers each year, will be lost to the region as a result.

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According to the latest statistics, Britons are the biggest collection of foreigners in the Valencian Community, with 135,005 residents in the autonomy.

However not far behind are the Rumanians, with 128,097 residents.

This latter figure marks a 33% increase over 2007, whilst other nationalities with a significant presence in the autonomy are Bolivians and Italians.

The latest figures reveal that some 847,339 foreigners reside in the three provinces comprising the Valencian Community: Alicante (446,368), Valencia (294.846), and Castellón (106,125).