Saturday, 30 April 2016

Important information regarding bank accounts



On the 1st January 2016 a new law, N° 2014-617 came into effect regarding inactive bank accounts and life assurance contracts that are unclaimed.

The objective of this law is to invite banks to detect the inactivity of accounts (or safety deposit boxes) that they hold, to investigate the reason for the inactivity that could be due to the death of the account holder or due to an oversight on the account holder’s part, and to inform the relevant parties of the potential consequences of this inactivity.

Therefore, any sums held on an account for which the account holder (or the mandatory or the beneficiary) has not made themselves known to the bank for 10 years will be transferred to the Caisse des Dépôts et Consignations.

Friday, 29 April 2016

New YouTube video






New YouTube video of a fantastic property in the Dordogne - new on the market today.

A delightful renovated farmhouse and gite with six bedrooms, barn and stables situated in a hamlet near Riberac - for more details see http://www.allez-francais.com/property/D8830 or contact
 Dan@allez-francais.com

Wednesday, 27 April 2016

Fête de la Fraise, Beaulieu-sur-Dordogne

On the second Sunday in May, my local town of Beaulieu celebrates the strawberry with the baking of an 8 metre wide strawberry tart!

The medieval cobbled streets are a superb backdrop for the busy market that has a lot of other regional produce,  plus music, street entertainment and magicians.

It's a great family day out - for more details contact the Beaulieu sur Dordogne tourist office
 
https://commons.wikimedia.org/wiki/File%3ATarte_aux_fraises_de_8_m_de_diam%C3%A8tre_de_Beaulieu_sur_Dordogne%2C_France_3.JPG" target="_blank">https://commons.wikimedia.org/wiki/File%3ATarte_aux_fraises_de_8_m_de_diam%C3%A8tre_de_Beaulieu_sur_Dordogne%2C_France_3.JPG

Monday, 25 April 2016

EU Referendum update

Following last week’s High Court hearing, British expats in Europe are now waiting for the court to make a ruling on the controversial issue.

The long-awaited legal challenge of the UK government's ruling of disenfranchisement for expats living overseas for over 15 years has resulted in the High Court reserving judgment on the issue. Lawyers for plaintiffs Harry Shindler and Jacquelyn MacLennan argued that expats who’ve lived overseas for more than 15 years were ‘on the horns of an impossible dilemma’ as they would need to relocate to Britain to have a say in their own futures as regards work, location and lifestyle.

Having heard the arguments, Lord Justice Lloyd Jones and Mr Justice Blake said they would need time to fully consider the points made, adding they were aware of the urgency and importance of their decision. Should they rule in favour of the plaintiffs, the government may be forced into rushed legislation allowing all expats the right to vote. In that case, a delay in the referendum may well be the result.

Read this article in full at: http://www.expatsblog.com/news/2104166757/high-court-hearing-on-15year-voting-rule-results-in-delayed-verdict#sthash.YlCuBOf7.IDq13i3o.dpuf





Tuesday, 19 April 2016

May Flower Festival Dordogne - Les Floralies


Attracting visitors from all over the world, the village of Saint-Jean-de-Côle will be celebrating 'Les Floralies' the 7th and 8th May - it's a huge flower festival that has been organised for the past 30 years giving it the reputation as the Most Beautiful Village in France.

As well as a huge array of colour, the event includes a market with arts, crafts, local products, new floral varieties, unusual plants and garden decorations.

Full details are given on the website http://www.floralies-saintjean.fr
By Père Igor (Own work) [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons



Monday, 18 April 2016

Sterling gains ground


Sterling had a good week and strengthened quite considerably by 2 cents against the euro. In monetary terms on an exchange of £250,000 you would return €315,000 as oppose to €310,000.

President Obama is set to speak this week and will be backing Cameron’s pro EU stance. The move has angered the leave campaigners as it is believed Obama could sway undecided voters on the convoluted decision.

What happened to the rates last week?
Monday saw the pound gain 1% against both USD and EUR. The move was caused by a positive rise in the European stock market which resulted in more risk appetite for investors in the market, in turn boosting the value of the pound.

Positive UK inflation figures on Tuesday saw the pound continue on its gain against the euro and rose to a high of €1.2558. This was only a momentary increase as continued fears over the Brexit had a bearish effect on the pound and bought it to a low of €1.2488 ending the day just above €1.25.

Positive news for China on Wednesday as it bore witness to an 18.7% increase in the Chinese markets which was the largest increase in over 12 months. Relating back to Monday, this again boosted investors’ opinion on riskier assets as we saw the pound gain almost a cent against the euro.

BOE released on Thursday the monetary policy committees vote regarding the interest rate decision which as forecast, the vote to remain at 0.5% was decided unanimously. Many analysts have now pushed back predictions to an interest rate increase to the final quarter of 2017.

It was a fairly quite end to last week as Friday saw rates remain range bound between €1.2559 and closed near €1.2540 unfortunately, although sterling performed well last week it is remaining the worst achieving group-of-ten currency against USD this year.

World bank President Jim Yong Kim cautioned “the economy is not going to do well with more uncertainty” as investors normally move away from currencies of countries with a more ambivalent political outlook.

Will the pound continue to strengthen?
A closing point to note. Although sterling has strengthened slightly over the course of the last few days, the general trend has been downwards. However recent data from China has boosted global markets particularly the pound and European stocks so we could well see sterling recover.

GBP/EUR exchange rate graph



Get in touch

There are a number of different contracts available to you and each trade is specifically tailored to each person’s individual requirement. If you are looking to buy or sell any major currency, want to achieve the best rate of exchange and benefit from expert brokers with extensive market knowledge please contact our dedicated broker Adam Bobroff and mention Allez-Français ………..

Wednesday, 6 April 2016

What does a foreign currency broker do?

Our partners at Foremost Currency are often asked “What does a foreign currency broker do?”

So they have put together a video to help explain "A Day in the Life of a Currency Broker" to give an insight of what it’s like to work in such a lively trading environment!



Friday, 1 April 2016

Spring Viewings!

Easter is behind us and Spring is definitely in the air in France. A great time to be house-hunting!

At this time, we also have very high demand for viewings, and our team are often booked out 4 to 5 days in advance. We therefore suggest that in order to help you avoid disappointment you provide us with plenty of notice for your viewing requirements.

We inevitably find that we have better results with clients who have planned their visit with us and spend perhaps a ½ day viewing rather than trying to maintain a schedule of pre-selected viewings with many agents.

In our view quality is much better than quantity!

To contact me, call  +33 (0)5 55 28 46 40