Over the last 3 weeks Sterling has lost 6 cents against the Euro. For anyone looking to purchase a €200,000.00 property abroad it will not cost you an extra £6300 compared to the high 3 weeks ago and i’m of the opinion it will only get worse.
With the 2nd of the live debates tonight at 8pm, I believe the smaller parties will get the upper hand which will lead to further political uncertainty. Furthermore I am of the opinion week by week Sterling will continue to weaken against the Euro and the inter bank level will fall to 1.33/ 1.34 by May 7th.
If you are buying a property abroad in the upcoming months my advice would be to buy currency upfront. If you do not have the Sterling available you can still lock into today’s rates and pay later. For more information feel free to email me on email@example.com or alternatively call 01494 787 478.