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Strengthening of the Sterling Pound against the Euro

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Strengthening of the Sterling Pound against the Euro

If you have been looking to buy a place in Spain/France/Portugual why wait any longer? The Sterling pound to Euro exchange rate is at a 7 year high. This could mean cheaper buying and removal costs for all those looking to move abroad in Europe. The Sterling exchange rate was at all time high in October 2000 but since then dipped dramatically making purchases abroad expensive for us Brits.

It has since, slowly made a recovery and now working in the holiday makers and expats favour, although we can never predict how long for. The main factor affecting the weakness of the Euro is the uncertainty around the Greece bailout but this isn’t stopping the Britons. 48% more Britons are now searching abroad in Spain and France than they were a year ago when the Euro was slightly stronger.

So if you are considering a move to Europe do not hesitate to contact us with any queries you may have. We would be glad to help and offer any advice we can.