Monday, March 17, 2008

The sliding pound affecting purchaser of homes abroad?

The sliding value of the pound has affected purchasing property abroad?

The value of the pound has been sinking like a stone in water. I remember the sterling against the Euro was 1.49 in September 2007, but we now see in March 2008 it at 1.29 which may not seem a lot, but figures here will prove otherwise: House of €300,000 costs £201,342 in September 2007 House of €300,000 costs £232,558 in March 2008 That is a £31,000 difference in just over 6 months which has persuaded some potential UK purchasers of property in Europe to sit and wait.

Posted by chris walker @ 09:03 AM (480 views)
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