Spanish Estate Agents | Spectrum

Case Study:

Spanish Estate Agents

Helping your clients save on property purchases, while you earn commission.

Background

Non-domestic buyers - often from the UK, US, Switzerland, Sweden or UAE - are looking to purchase property in Spain in Euros.

Once the sale is agreed, these buyers typically transfer their funds via high-street banks, incurring up to 3% in hidden currency conversion fees, meaning they pay more than necessary for their property.

Solution

Spectrum offers a safe, efficient, and cost-effective alternative solution.

Here's how it works:

Once the sale is agreed, the estate agent recommends Spectrum as the preferred currency specialist.

The buyer then contacts Spectrum and registers for an account.

The buyer has full flexibility:

• Book a forward contract at the current rate and pay a 5% deposit to hold this until completion - securing your purchase price.

• Or wait until completion and convert at the prevailing rate.

The Benefits

By partnering with Spectrum, estate agents can:

• Offer a premium client experience

• Save buyers significant sums of money

• Earn commission based on the gross profit of the transaction.

For example, on a €3 million property sale:

• The buyer saves €60,000 compared to using their bank.

• The estate agent earns a €10,000 commission.

Talk to one of our specialist consultants today

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All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers.

Spectrum FX Limited is a company registered in England and Wales (registered no. 11080130).

Site by Lashmire.

Stay up to date with market changes

All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers.

Site by Lashmire.