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COOKIES & PRIVACY POLICY

Brits' Buying Power In Europe Makes Holiday Properties Cheaper

Why now is one of the best times to be buying a holiday home abroad.

Tue, 10 Apr 2012 08:14:28 GMT | Updated 1 years today

THE PROBLEMS in the Eurozone have resulted in some serious falls in property prices, with some regions in the likes of Spain seeing properties selling for half the price you would have paid for them before the credit crunch.

 

If you have been hankering after a villa in Venice or an apartment in Alicante, then now could be the best chance you ever have of making that dream a reality - and the DIVA International Money Transfers service, provided in association with Moneycorp, will make it even easier for you.

 

The pound has strengthened against the euro in recent months, and it means your money goes a lot further than it would have done even 12 months ago. However, buying property overseas is not an easy thing to do. It can take a lot of time, and you can find exchange rate fluctuations could leave you needing to find a lot more money than you expected.

 

With the new DIVA International Money Transfers service you can fix the exchange rate you will receive for up to a year or more, and it will prevent you from having to find extra money to buy the property that could have cost you a lot less just a week or so before.

 

Let's say you were buying a property in Spain for €250,000 - at this level, even small fluctuations in currency values can have a major impact. If you had closed this deal on March 19 this year, it would have cost you £207,108. However, just nine days later you would have had to find an extra £2,817 simply because the euro strengthened. That could be the difference between going ahead with a deal, or losing a whole lot of money by pulling out.

 

The DIVA International Money Transfers service solves this problem for you, and has a whole host of other benefits to boot. Whatever happens, you know you will have enough to buy your holiday home. Find out more by clicking here or by calling 0800 910 1845.

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