 |
|
PJM Self Storage Facility 53/61 Borders Self Storage Facility - Safe and Secure 2 hectare fully fenced site - new container units 33m3 - Low prices - Long and Short Term - View website for details Find out more... Jim Davidson Architect Ordre des Architectes, RIBA. Covering Normandy, Brittany, Loire. Measured surveys, feasibility reports, planning applications (Permis de Construire, Declarations de Travaux). Barn conversions, renovations. Cost-effective eco-friendly designs.
Find out more... Andrew Daniels Chambre de Metiers registered general builder. Fully insured. Complete service of all renovation and restoration works, including plastering, plumbing, electrics, ground works, mini digger and dumper hire. Covering departements 61, 14, 50 and 53.
Find out more... | Normandy Local Reference INFOrmation
Information on how best to make your money work for you when buying overseas property in a foreign currency: how market fluctuations can affect the price you pay, and how to protect your finances during the currency transfer.
The point at which a trade is made when buying a holiday home or investment property in France is crucial as currency markets are in constant fluctuation; trading at the right time means money goes further. The Effect of Exchange Rate on the Cost of PropertyFluctuations in exchange rates can have a massive impact on the foreign currency (GBP, USD, CHF and so on) value of a Euro-based property. For example, a European property worth €250,000 would have cost £186,567 in January 2008 but by December of the same year would have been worth £30,824 more - because of exchange rate movements. The effects of currency fluctuations can be accommodated by planning ahead; payments made at the last minute will be set at the rate that the markets offer at the time of transfer. There are methods available to manage this: Automated regular paymentsAn automated regular payment can be arranged to make regular international transfers to cover mortgage payments or maintenance costs. In this type of service the funds are collected by direct debit and automatically sent abroad. The option also exists to fix exchange rates for a set time period.
Re-mortgagingProperty owners are recommended to review their mortgage from time-to-time. Just as when first buying a property, it is important to take into account the currency markets when re-arranging a mortgage. Selling an overseas propertyWhen repatriating funds to another currency it is important to transfer the Euros back at the best possible time to ensure the best possible rate.
Information supplied by Moneycorp, 100 Brompton Road, London, SW3 1ER 0109ww
|
myAngloINFO Today
Picture perfect Essential INFOrmation Living In Normandy Moving to Normandy Life in Normandy |
Share
Print
+
Related reference INFOrmation on AngloINFO Normandy:
The Weather:Copyright © 2000-2009 AngloINFO Limited. All rights reserved. Privacy Policy, Terms of Use, About, Advertising, Contact.
AngloINFO: Everyday life in France, in English · la vie quotidienne en France, en anglais
Find out more about AngloINFO in France...