Investors who are purchasing a property in Spain - or elsewhere in Europe - could stand to save a substantial amount of money by doing some research into exchange rates.
This is the opinion of Tom Highham, director of currencies.co.uk, who told the Telegraph that many people are losing out by failing to look for the best deals.
"Despite the huge savings that can be made on large currency transactions by using a company such as ours, we're astonished that so many people don't shop around and just use their bank," he stated.
According to the newspaper, just ten per cent of foreign currency sales occur via a specialist provider, even though they usually offer more competitive rates than high street banks.
Finding a favourable exchange rate could make a big difference to investors looking for Spanish real estate.
Research published by the Overseas Guide Company in A Place in the Sun earlier this month indicated that more Brits are turning their attention to the country's property market, with the firm seeing requests for its Spain mini guide rise by 24 per cent between January and May, compared to the same period in 2010.
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