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Property gets dearer for Sterling buyers!

Amy Baker

Homes in Ireland continue to lose value on a local level, if at a slower pace than last year, however to British buyers, since the start of 2013 they’ve increased in price by around six per cent thanks purely to Sterling losing value.

On January 1, 2013, the interbank exchange rate was £1/€1.231, however by March 1, this had fallen to £1/€1.158 – making a €150,000 property around £7,600 more expensive to a buyer whose funds are in Sterling.

British buyers are being urged to carefully consider how and when they transfer funds from Sterling into Euros for the completion of a property purchase in Ireland. Concerns over what might happen to the exchange rate in coming weeks or months can be eliminated by forward buying currency through a currency exchange specialist, such as Smart Currency Exchange. Forward buying allows you to pay a small deposit and secure an exchange rate which you have access to for up to a year in the future.

If you prefer to make a more immediate Euro transfer to Ireland, known as a spot transfer, remember that firms such as Smart Currency Exchange consistently offer exchange rates that are 2-4 per cent better than high street banks.

For more information, read the Ireland Buying Guide’s Currency section or download a free report from Smart Currency Exchange. [LINK…]

 

Find your removals firm here!

Moving to Ireland permanently? If so, be sure to get quotes from removals firms and choose the one you wish to use in good time, ideally at least two to three months before your planned departure date. The Overseas Guides Company can help you do this by sourcing no-obligation quotes from a number of removals firms, who will contact you directly. To take advantage of this, simply click here [http://www.overseasguidescompany.com/removals_quote].

OGC in the news

The reputation of the Overseas Guides Company, parent of IrelandBuyingGuide.com, as a trusted information provider means increasingly it is quoted in the press, including national newspapers. To read a recent example from The Express, click here  http://www.express.co.uk/posts/view/371593/The-year-ahead.


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