Latest Euro Pound Exchange Rate Report

18th November 2009

On Friday morning the Euro zone officially announced it had come out of recession with a growth in GDP of 0.4% just under expectation for a growth of 0.5%. The currency markets had priced in the figures and so we saw little movement in exchange rates between Sterling and Euro. The German ZEW think-tank’s business survey showed that confidence levels in the Euro zone’s largest economy weakened in November, raising some concerns that the economy’s recovery could be more tentative in the coming months.

One of the reasons why the Euro zone has recovered quicker than the UK is because their financial sectors account for a smaller proportion of their economies. Stronger exports driven in Germany particularly by the car market has contributed hugely to the Euro zone’s recovery. Only Spain and Ireland remain in recession. These announcements have potential to affect GBP/EUR exchange rates so if you are looking to purchase any of these currencies now maybe the time to contact your account executive to discuss the options available to you.

In order to take advantage of these spikes, and protect yourself from the falls you should consider “forward buying contracts”, and “limit and stop loss orders”, all of which can help maximise your returns. Visit our main website for Live Exchange Rates or visit our recommended Money Broker website to help with your currency exchange rate problems.

Blog posted by Expedia Property SL – Tenerife Estate Agents for Tenerife Property

Los Cristianos Bars Restaurants and Businesses

Businesses are changing hands frequently in Los Cristianos at the moment, especially bars, cafes and restaurants.

We are getting enquiries and we have clients with specific enquiries. If you have a Los Cristianos Bar, Cafe, Restaurant or business for sale please email us with details so that we can match your business up with waiting buyers. sales@expediaproperty.eu

Don’t miss out on an opportunity to sell you business.

Blog posted by Expedia Property SL – Tenerife Estate Agents for Tenerife Property

Euro Pound Exchange Rate Report 03.11.09

3rd November 2009

The Euro stabilised towards the end of last week after early losses against Sterling. Consumer prices in the Euro zone fell 0.1% during the year and combined with a slowdown in money supply growth, to 1.8% in September from 2.6%, made October the fifth consecutive month that the annual rate has remained negative. In turn this raised fears that the European Central Bank (ECB) may need to keep interest rates low in order to maintain support for the economy. Finally, the week ended with the announcement of a 9.7% unemployment rate, the highest since the Euro’s introduction.

The GBP/EUR rate closed up 2.66% last week at 1.1159, from 1.0870 a week earlier, benefiting those converting Sterling into Euros. Those looking to do so in the future should discuss the possibility of a forward contract in order to take advantage of today’s rates up to two years into the future.

This week sees the release of the latest interest rate decision by the European Central Bank on Thursday. With a no-change decision widely expected the Euro is likely to gain strength and with it weaken GBP/EUR exchange rates. Finally, coupled with the prospect of further Quantative Easing by The Bank of England on Thursday those looking to purchase Euros should perhaps be considering the possibility of doing so before rates fall further.

In order to take advantage of these spikes, and protect yourself from the falls you should consider “forward buying contracts”, and “limit and stop loss orders”, all of which can help maximise your returns. Visit our main website for Live Exchange Rates or visit our recommended Money Broker website to help with your currency exchange rate problems.

Blog posted by Expedia Property SL – Tenerife Estate Agents for Tenerife Property

Euro Pound Exchange Rate Report 27-10-09

Last week saw a very turbulent week, with Sterling starting at a low 1.0880 against the Euro, and strengthening to just over the 1.11 mark in the early part of the week, as Bank of England minutes on Wednesday morning showed unanimous support for a halt in the Quantitative Easing programme upon signs the economy was beginning to recover. Sadly, this strength was to be short lived as GDP figures on Friday unexpectedly showed that the UK was still in recession for the third quarter. Upon this release, Sterling dropped a cent against the Euro in seconds, then a further drop down to 1.0810 as the day went on.

This news was a huge blow to the UK economy, as almost all analysts had been predicting that the UK would see a return to growth in line with the rest of the world. If the US shows positive GDP figures this week as expected, then it is likely that the United Kingdom will be the last of the major world economies to exit recession, which is likely to have catastrophic consequences for the pound. Prime Minister Gordon Brown announced over the weekend that the UK would see a return to positive economic growth by the end of the year, although he offered no justification for his comments other than confidence in the future success of government fiscal policy.

Data releases on the continent were on the quiet side last week, with Sterling strength, then sudden weakness being the driving factor behind the GBP/EUR cross, and this is likely to remain similar for the week ahead, with housing data from the UK on Monday, and inflation data from the Eurozone on Friday the only noteworthy releases, and neither likely to have a significant effect on the market.

More likely to affect the market are speeches by key policymakers such as central bank Governors Mervyn King or Jean-Claude Trichet as well as government finance ministers from the UK and Europe. Unfortunately, the markets get very little notice of such announcements, and thus they react sharply to any comments as and when they appear.

In order to take advantage of these spikes, and protect yourself from the falls you should consider “forward buying contracts”, and “limit and stop loss orders”, all of which can help maximise your returns. Visit our main website for Live Exchange Rates or visit our recommended Money Broker website to help with your currency exchange rate problems.

Blog posted by Expedia Property SL – Tenerife Estate Agents for Tenerife Property

Two Bedroom Apartment Roque del Conde Adeje Tenerife

View from the Apartment - Roque del Conde

Wonderful 2 bedroom apartment on Roque del Conde with amazing views over the pool area and down to the coast. 2 large bedrooms, bathroom, American style kitchen, lounge dining room.

The apartment complex has a swimming pool and the apartment comes with an underground parking space.

The apartment is being sold fully furnished ready to move into.

View the property page for this Tenerife Apartment in Roque del Conde and see more photos. The price is only €178500 Euros – Fully furnished

Blog posted by Expedia Property SL – Tenerife Estate Agents for Tenerife Property

Tenerife Finca House and Farm

Tenerife Finca Farm House

Tenerife Finca Farm House

This rural farm house has a low carbon footprint and it is situated in an elevated position with great views on a wire fenced plot of 9000 square metres. This Tenerife property has so much potential.

The house, 85 square metres is single storey and has a lounge, kitchen/diner, two bedrooms and a shower room.  The lounge/kitchen area leads out onto a large covered terrace for al-fresco dining. All in good order and there is potential to extend the property to increase the accommodation.

Outside the finca house there is a huge plot of level land which could very easily be cultivated. There is a large irrigation tank. There is also a kennel building and a car port area.

Read more and see more photos of the Tenerife Finca Farm House The price is only €250,000 Euros.

Blog posted by Expedia Property SL – Tenerife Estate Agents for Tenerife Property

Liquid restrictions for hand luggage on airplanes

In order to protect you against the threat of liquid explosives in aircraft cabins, the European Union (EU) adopted new security rules that restrict the amount of liquids that you can take through security checkpoints.

These rules apply to all passengers departing from Airports in the EU, wherever their destination. The rules were applied on 6th November 2006 and apply until further notice so please check with your carrier for any updates before flying.

You are only allowed to take small quantities of liquids in your hand luggage.  These liquids must be in individual containers with a maximum of 100 millilitres each. You must pack these containers into one transparent resealable bag of not more than one litre capacity per passenger.

Liquids include:

• Water, other drinks, lotions and oils.
• Perfumes
• Sprays
• Gels, including hair and shower gels.
• Contents of pressurised containers, including shaving foam, other foams and deodorants.
• Pastes, including toothpaste.
• Liquid-Solid mixtures.
• Mascara
• Any other item of similar consistency.

In order to help screeners detect liquids, you must:

• Present all liquids carried to the screeners at security checkpoints for examination.
• Take off you jacket and/or coat. They will be screened separately whilst you are being screened.
• Remove laptop computers and other large electrical devices from your hand luggage. They will be screened separately whilst you are being screened.

What has not changed?

• You can still pack liquids in your luggage which will be checked in for transit in the aircraft hold.
• You can carry  medicines and dietary requirements, including baby foods for use during the trip. You may be asked for proof that they are needed.

Read more about prohibited articles in hand luggage and luggage which will be checked in for transit in the aircraft hold.

If you  have any doubts, please ask your airline or your travel agent in advance of travel.

You are also advised to be courteous and co-operate with airport security and airport staff who enforce these regulations.

Blog posted by Expedia Property SL – Tenerife Estate Agents for Tenerife Property

Traditional Canarian House Chirche Guia de Isora Tenerife

Traditional Canarian House

This house is unique, the original construction dates back to 1863 but it has been completely renovated and is brimming with charm.

The plot itself is around 430 square metres and the constructed area is about 270 square metres, partly on two levels, there is also a large roof terrace of 70 square metres. The gardens are around 100 square metres.

The main house has 4 bedrooms and three bathrooms, with lounge, dining room and a separate kitchen. There is also a barn which has been converted into a separate one bedroom apartment with bathroom.

Outside there are 3 terraces, gardens with fruit trees, vines and flowers. There is also a car port an parking for several cars outside.

This property has specatcular panoramic views and it should be viewed to be appreciated.

The price is only €369,000 Euros. Visit the Tenerife Property webpage for this Traditional Canarian House

Blog posted by Expedia Property SL – Tenerife Estate Agents for Tenerife Property

Tenerife Bargain Apartment Dynastia Los Cristianos

Tenerife Bargain Apartment Dinastia

This is opportunity to buy the cheapest one bedroom apartment in Los Cristianos, on the popular Dinastia Complex. We have never seen a price for a brand new apartment this cheap before. Visit the Tenerife Bargain Apartment property web page for more information.

View early to avoid dissapointment, this is a bargain Los Cristianos property

Blog posted by Expedia Property SL – Tenerife Estate Agents for Tenerife Property

Bargain Apartments El Mirador Los Cristianos Tenerife

Tenerife Bargain Property Sold within 24 hours of coming onto the market

El Mirador Bargain Apartment

We have two ground floor one bedroom garden apartments for sale on the El Mirador Complex in Los Cristianos. These apartments are on one of the most popular complexes in Los Cristianos and they are a real bargain in the current market. Visit the Tenerife Bargain property web page for more details.

El Mirador is a wonderful peaceful and charming complex with 2 pool areas, solarium, green areas, walkways and pedestrian accesses. These are both very attractive Los Cristianos Properties and they are likely to be sold very quickly so arrange a viewing with us before it is too late.

Blog posted by Expedia Property SL – Tenerife Estate Agents for Tenerife Property