With the pound at a seven-year high against the euro, a growing number of Brits are investing overseas. Indeed, a survey from YouGov (commissioned by currency exchange specialists UK Forex) reveals that in January, 48 per cent more Britons searched online for Spanish property than ever before.
Six in 10 Brits with property in the eurozone said it was a good investment, but 40 per cent said they did not understand the impact exchange rates have upon their finances.
“Before making any purchase, make sure you’ve got a full understanding of foreign exchange and local property markets,” advises Jordan Tilley, Head of UK and Europe at UK Forex. “That way, your overseas dream won’t turn into a nightmare.”
Source:: The Movechannel