The real cost of an overseas property…
Can you guess how much this pretty cottage in the South Charente countryside in France costs? The truth is, for too many British people it’s impossible to say. Why? Because fluctuating exchange rates mean typical buyers from the UK don’t know until the day they make a currency transfer how many pounds they’ll need to exchange to meet the agreed local price of their property.
The current asking price of this charming four-bedroom home, situated between Barbezieux and Chalais and with views and a barn, is a tempting €199,000 (for more details contact OGC on 0207 898 0549). But we thought we’d demonstrate how the actual price in Sterling to British buyers has fluctuated over the space of just three months thanks to nothing more than exchange rate movements. The result is by a hefty £6,218 – enough to pay for a holiday at the property and meals out!
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Do you want to eliminate the uncertainty of what an overseas property could cost you, due to fluctuating exchange rates? Using Smart Currency Exchange to make all your currency transfers is the first step to making your pounds go further when buying abroad – thanks to their bank-beating exchange rates. Speak to us today though and we’ll reveal how a forward contract could help you fix the cost of your overseas home in pounds, before you have to pay for it in a foreign currency.