With Easter being early this year we would expect our property sale numbers to be higher in March this year versus 2015 but we had a better than expected 70% increase in March building on a 55% increase in property sales year on year in February. April is shaping up to be another bumper month as well.
So the UK’s EU Referendum does not seem to be deterring Brits from buying homes in France.
The one thing that the EU Referendum is doing however is causing some financial uncertainty but there is a solution for that. Once you have found your dream home with Cle France you can secure the right price now, regardless of the outcome of the EU referendum, how?
By using FC Exchange specialist currency services to protect against any impact on exchange rates.
Read more here.
- Brits still want a holiday home in the sun...
This is still the main reason for British buyers buying a property in France i.e. to use it as a Holiday Home, France remains the top destination country for Brits wanting a regular place that they can enjoy year after year and for it to be a sound investment as well.
- Brits still want to move to France...
Most buyers want a property in Europe for lifestyle reasons, enjoying a better way of life is what we all want isn't it? and a warmer climate is a bonus too. That is not going to change anytime soon whatever the EU referendum result.
- Will Brits still be able to buy property in France?
France along with most European countries rely on the stream of income from British property buyers and expats to boost their national and local economies, it is therefore unlikely there will be any changes that would affect the ability of international buyers and especially the British from purchasing property as second homes or for full time living, regardless of the outcome of the EU referendum vote.
- The financial implications of the referendum...
Ben Amrany at FC Exchange suggests securing the price of your property to avoid the risk of losing money on your purchase, regardless of the EU referendum outcome, there is still no better solution than being prepared and staying 'ahead of the game'.
- Our top tip for you...
You can actually 'protect' the price of the property you want to buy from going up due to exchange rate fluctuations, regardless of the outcome of the EU referendum.
Secure your property at the price you expect by using a Forward Contract.
This allows you to set a rate now for future transfers, protecting you from any adverse exchange rate movements and ensuring you know exactly how much you have to budget.
We say "It’ has to be a sensible option at a time when the sterling exchange rate is uncertain".
Fixing your exchange rate in advance
Exchange rates can fluctuate dramatically so it can be risky to leave yourself open to market movements when converting money from one currency to another. Of course the rate could move in your favour, however, it could also move enough against you to completely ruin your budget and your plans.
A Forward contract with FC Exchange means you can fix your exchange rate for up to two years in advance, so you’ll know exactly how much you’ll get when you make your international money transfer. This makes budgeting a great deal easier and a lot of stress is removed.
How does a Forward contract work?
Call us to discuss things like the amount of money you are looking to exchange and the time frames you have to work within. We can look into rates for you which can be used to calculate the exact sums of both currencies involved – you’ll know exactly what you’re getting.
If you want to go ahead, we will agree the exchange rate at which your money will be transferred in the future. You will send us a deposit (this is not an extra cost; it’s deducted from the balance you pay in the future). Then, when the transaction reaches the ‘settlement date’, you pay us the balance at the pre-agreed rate. All you need to do then is tell us where to send your money.
Forward contracts can be ideal if you don’t need to make a payment immediately but you can’t afford for the exchange rate to be moving wildly. If, for example, you’ve agreed to buy or sell a house overseas, but the completion date is a few weeks or months away, a Forward contract lets you guarantee the exchange rate, so you know exactly what the house will cost on completion day.
Ben Amrany from FC Exchange follow this link or phone and ask for myself and quote "Cle France" on 020 7989 0000.
You may contact me directly using this form (click here) with your requirement and I will explain the options that are available to you in getting the best exchange rate.
Blog submitted by: Alex at The French Property Network - Cle France.
