The Pound / Euro Exchange Rate
Whether you buying as an investment and will want to sell up in a few years, in which case this will be hugely important to you, or are buying now and want to get the most you can for your money, the exchange rate is of critical importance to you.
With the pound having taken a bit of a hammering against the euro in the last 18 months or so, it is refreshing for those who are thinking of buying in France to see that the exchange rate at time of writing (July 2010) is back to around the 1.2 mark.
It is said that many people thinking of buying have been waiting for the ratio to get to about this mark so that they can get more property for their pounds.
Before buying property in France, it is important to look at the historical exchange rate so that you can get a sense of where the pound currently is against the euro.
And it is also worth looking at expert predictions for how the price is likely to move in the next few years - whether you believe it or not the consensus opinion is useful to bear in mind even if it does not turn out to be correct.
There have been particular concerns about the stability of the euro as a whole for all the countries across the eurozone with the well documented problems experienced by the community of some members in the last few years.
If you have a particularly strong opinion about what the euro is going to do, this could potentially tip the balance as to whether you buy a home in France or, if you already have one, when you decide to sell.
More French property articles:
- The ideal home in France
- Buying property in France for the lifestyle
- Searching for a property in France
- How to overcome isolation when abroad
- Reasons why a new build property is attractive
