02 June 2012 @ 09:59
When we bought our cortijo (house) we paid 15% of the price in cash in the notary's office (the remainder by bank draft). The seller protested that she wanted more in cash but our solicitor persuaded her that no one would believe her if she declared she had sold her property for so little. Many firms are now accepting credit cards and this eases the cash situation, you even see people paying for a €8 menu del día with a credit card so eventually this cash problem will dissapear. In many places there is a sign saying that €200 and €500 notes will not be accepted due to forgeries, it gets difficult to process major transactions, even €2,500, in €50 notes.