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)
Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>