Tips on how to transfer money to Spain for your Balearic property purchase

The Balearic Islands remain an extremely popular destination for Norwegians looking to purchase real estate in Spain.

A 2023 report on the Spanish Property Market noted a 72% increase in Norwegians purchasing real estate in the country.

If you’re considering buying property in the Balearic Islands or are close to completing a purchase, then knowing the best ways to transfer your money for the transaction is important.

You could save thousands by choosing the right service.

Bank or Currency Broker for your Balearic Property Purchase

It is common for most people to think their bank is the only available option when transferring money abroad, but this isn’t true!

For a property purchase in the Balearics, using your Norwegian bank to transfer your funds to Spain can be costly.

But this is where we can help you avoid these high fees alongside our wonderful partners at Key Currency.

Why you should choose a currency broker for your Balearic Islands property purchase

We have worked with Key Currency for 7 years[a], helping our clients get the most from their property purchases in Spain and the Balearic Islands.

Unlike your bank, Key Currency specialises in international money transfers to Spain for clients looking to purchase real estate in the Balearic Islands.

With bilingual staff, Key Currency can talk you through what to expect and what you’ll need to transfer funds for your new Spanish property, making it smooth and efficient.

Their expert traders and advisors personally support you through the process and help you find a much better value on the NOK to EUR exchange rate.

This allows you to make the transfer when it suits you and your budget and saves you money.

Not only that but there are no hidden transfer fees when you use Key Currency for a money transfer to Spain. Compared to the popular Norwegian banks, their offering is clear and transparent.

More info https://www.keycurrency.co.uk/nord-property-consulting/