Fiona of Currencies Direct tells us…..
I am really happy to report that the news back from the French Property Exhibition at London’s Olympia this weekend was very positive! The show was very busy, and more important, there were a lot of serious buyers.
I’ve been told that the demographic was different to recent years – mainly in the age bracket 45-60 years old, looking to buy second homes with cash available or soon to be available. This is the first UK French property show since the referendum so it’s great to get such positive feedback.
My gut feeling since the vote has been that those who were serious about wanting to buy in France before BREXIT will be just as serious now, if not more so as they become more disillusioned with post BREXIT Britain, but that the likelihood would be that 2nd homes would be the preferred option until longer term residency rights, access to healthcare….and other areas of concern are resolved.
It seems that my instincts have been validated this weekend!
Here’s hoping that we will soon see many more new arrivals here in France. In the meantime here are some rate comparisons…
Purchase Price | Bank Transfer – | CURRENCIES DIRECT – | USING CD YOU SAVE GBP | |
Client Pays | Client Pays | |
€ 50,000 | 44,803.47 | 43,459.37 | 1,344.1041 | |
|
€ 250,000 | 220,600.17 | 216,188.17 | 4,412.0035 | |
|
€ 500,000 | 437,176.36 | 430,181.54 | 6,994.8217 | |
|
€ 750,000 | 650,476.11 | 640,718.97 | 9,757.1417 | |
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| Currency Pair | Currency Description | Currency Rate | |
| GBPEUR | STERLING POUND – EURO | 1.17 | |
| EURGBP | EURO-STERLING POUND | 0.8545 | |
| EURUSD | EURO – US DOLLAR | 1.1170 | |
| EURCHF | EURO – SWISS FRANC | 1.0958 | |
| EURSEK | EURO-SWEDISH KRONA | 9.565 | |
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Click on the banner, or contact local representative, Fiona, for more info or a live quote on fiona.w@currenciesdirect.com.
