What happened last year, and how could this impact you?
Throughout 2022, it was widely reported in the media that the pound had reached multi-decade lows against the Euro and US Dollar, with a difference of almost 20%, between the highest and lowest points.
As a typical property purchase in Europe can take around 1-3 months to go through, changes in the exchange can therefore significantly impact the cost of a property, between an accepted offer and the completion date.
The change in the cost to purchase €500,000.00, over the last 12 months showed a difference between the best and worst-case scenarios of over £48,000!