Sunday, 14 March 2010

Sunday, 14 March 2010

Politics & the market

The political uncertainty surrounding the forthcoming election is doing nothing to help the volatility surrounding the £ currency, both against the € and the $. UK buyers are facing an exchange rate of around 1.10 € to the £ if they wish to buy a home in France. Not great when you compare rates over the past 5 years or so, but who knows what will happen if there is a hung parliament? This weakness in the £ does present itself as an opportunity for any ex-Pats looking to sell up in the Eurozone and return to the UK. Sensible vendors are using this as a chance to lower prices, generate more interest leading to a sale, and then pocket the gain in currency. Peter Elias (Agent Commercial), http://www.allez-francais.com
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