Fears over Europe's economy are set to make property cheaper for foreign buyers if the euro keeps sliding  with some firms hoping for a surge in sales.

A €750 billion deal announced this week to halt the debt crisis affecting the eurozone has been greeted with scepticism by currency traders and fund managers. And stockmarkets in Asia and Europe have fallen as initial enthusiasm for the bailout wears off.

The UK's slow progress in forming a government after its election last week has also shaken the pound - but brokers believe sterling is still likely to rise against the euro later this year.

"The euro is overvalued at current levels and we will tend to see it move back to its long-term average against the pound and the dollar," said Jeremy Cook, chief economist at World First currency broker.

"The Eurozone has a very inflexible system and another shock from somewhere like Spain or Greece is still a possibility. We could see the pound reaching €1.21 or €1.22 in the next three months."


"We've already seen interest in buying property start to increase," said Paul Cherry. "Some people have been putting off buying for a year - they have the finance and are all ready to go but want to get the best rate they can. With so many good buys around now is the time to consider buying as we are starting to see some prices increase on some of the more popular Resorts. It should also be noted that the cost of buying a Spanish property will increase by 1% when IVA tax is increased in July. My advice this is the time to buy as prices have touched the bottom and are actually showing increases". 

We are arranging a Celebrity Charity Golf Event in aid of the www.maryleishmanfoundation.com at Peraleja Golf Resort, Murcia on the 22nd May 2010.

 

With big name stars such as former undefeated World Boxing Champion Joe Cazaghe, Scotland Manager Craig Levein, Allan Kennedy, ex Liverpool European Cup Winner  and many more celebrities the day should be a success.

 

Following the golf a dinner is being held in the Thalasia Hotel, San Pedro del Pinater and tickets for this event cost 40 euros which will include a 3 course dinner, wine/beer . The entertainment will consist of after dinner speakers, viewing of the Champions League Final followed by a disco. We have also the following items for auction which should attract a lot of interest, Wayne Rooney signed shirt, David Beckham signed shirt, Sir Bobby Robson signed England strip, Alex Ferguson signed Man Utd strip and many more valuable ietms. If you would like to come to the dinner e mail paul@chersun.com .  

We have recently added to our portffolio of properties the Mil Palmeras development which is 700m from the sandy whites beaches of Campoamor and only 10 minutes from Murcia airport..

 

 

This small exclusive development consists of 20 , 2 bedroom properties looking onto the landscaped gardens and communal swimming pool. The properties are within walking distance of shops, bars restaraunts and the beaches of Campoamor. It has proven popular with investors and buyers with 65% sold within the first few months of release. The prices start form 130,000 euros and if you woud like further information contact paul@chersun.com