Buying With Sterling Pounds In Portugal

Buying With Sterling Pounds In Portugal

Buying With Sterling Pounds In Portugal

For those with sterling to invest into property in Portugal then you would have realised that for the past 2 to 3 months there has been a consistent period of a strong sterling pound with a current high of 1.25%,

The increase of just 5 points on a property being sold at €200,000 could save about £7,000 less on the purchase. And at €500,000 could save you around £17,000 less.

However, their is bad news looming that the major currency exchange companies are indicating that this current “high” is a temporary one and by Christmas the rates will be back around 1.20€ to the pound, if not lower.

So with motivated sellers, asking prices at a low and now a strong pound this is certainly a great time to be spending your sterling pounds.

For more information about the current currency exchange rates register here http://www.algarveprop.com/buying-euros

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