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Buying Property in Spain
From Costa del Sol villas to Madrid apartments, the GBP/EUR rate at your Spanish notary completion decides the true Sterling cost of your purchase. Aetas Global locks in institutional rates ahead of completion, so your budget holds.
Spain is the UK's most popular overseas property destination, and GBP to EUR is the world's most-traded currency pair. Yet high-street banks still apply a 2–4% margin that silently adds thousands of Pounds to a Spanish property purchase.
Aetas Global gives you institutional GBP/EUR rates, forward contracts to fix your rate between offer and completion, and a dedicated specialist who understands Spanish notary timelines, ITP purchase tax, and the staged payment rhythm of buying on the Costas.
The Process
You pay a reservation deposit (often €3,000–€6,000) to take the property off the market. Convert this at today's rate or lock a forward for the balance.
The balance is paid at the notary signing. A forward contract means your Sterling cost is fixed weeks or months earlier, regardless of how GBP/EUR moves.
Mortgage repayments, IBI council tax, utilities, and community fees are due in Euros. Set up a recurring transfer to cover them at a pre-agreed rate.
Costs & Legal
Spanish purchase tax (ITP) ranges from 8–10% of the purchase price depending on the region. Budget in Sterling with a forward contract so the tax doesn't creep as the rate moves.
Notary fees, land registry, and legal costs typically add 1–2% on top of ITP. Each is paid in Euros on a fixed timeline.
You'll need a Spanish NIE (foreigner's tax number) before you can buy. Your solicitor arranges this; the transfer itself follows once your offer is firm.
Currency Timing
The GBP/EUR rate can move 3–5% between an accepted offer and notary completion, a swing that adds or saves £15,000 on a €300,000 purchase. A forward contract removes that uncertainty entirely by fixing today's rate for the completion date.
For off-plan or new-build purchases with staged payments, a series of forward contracts can secure each instalment at a known Sterling cost across the build timeline.
After Completion
Once complete, most owners retain a Spanish mortgage or pay ongoing costs in Euros. A regular transfer plan converts your GBP to EUR each month at a pre-agreed rate, ideal for mortgage instalments, IBI tax, utilities, and community fees.
Rental income from a Spanish property can be repatriated to GBP with the same institutional rates, keeping more of your yield rather than losing it to the bank spread.
Frequently Asked Questions
Use a specialist currency provider. Aetas Global gives you institutional GBP/EUR rates, up to 4% better than a high-street bank, with no hidden fees and a forward contract to lock the rate ahead of your notary completion.
The Difference
Feature
Aetas Global
Institutional FX
Retail Bank
High-street transfer
GBP/EUR Rate Margin
Completion Rate-Lock
Transfer Fees
Dedicated Specialist
Settlement Speed
GBP/EUR Rate Margin
Aetas Global
Your Bank
Completion Rate-Lock
Aetas Global
Your Bank
Transfer Fees
Aetas Global
Your Bank
Dedicated Specialist
Aetas Global
Your Bank
Settlement Speed
Aetas Global
Your Bank
Comparison based on typical high-street bank retail FX pricing vs. Aetas Global institutional rates. Actual savings vary by currency pair and transfer amount.
Get Started
Tell us about your Spain property purchase and a dedicated specialist will be in touch. No obligation, no hidden fees, just institutional GBP/EUR rates and expert timing guidance.
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