Charente Property Now More Affordable for Brits, as Pound Strengthens


Are you intent on buying a property in the beautiful Poitou-Charentes? If so, you may be interested to learn that buying Charente real estate will now leave less of a hole in your bank account. This is because the pound to euro exchange rate recently hit 1.4416, its strongest in 7.5 years, or since October 5th 2007.

What this means for you is that, when you exchange currencies to buy a home in stunning Charente, you'll get far more euros. For example, if you exchange £250,000 into euros, you'll now get +€64,000 more than if you'd bought a property back at the start of 2014, when the pound was far weaker.

In other words, that's an extra +€64,000 sitting in your French bank account, at no cost to you, just because sterling has strengthened. With that sort of money, you could buy a more luxurious property in the Poitou-Charentes, decorate the place to your taste, or just pocket the sizeable saving for a rainy day.

Moreover, it could soon become even better value to buy Ruffec real estate, if sterling continues to climb versus the euro. The pound could exceed this 7.5-year high, first, if Greece leaves the Eurozone, which looks very likely. Second, the pound may also continue to climb, because the UK economy is growing much faster than the Eurozone's.

With this in mind, make the most of this advantageous exchange rate while it lasts, and buy your ideal Charente property.

By Peter Lavelle
Pure FX
+44 (0) 1494 671800
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