Great time for British to buy a property in Abruzzo (Italy)

Great time to buy a property in Abruzzo (Italy), as pound soars versus euro.

Do you plan to buy a property in Abruzzo (Italy) this year? If so, you'll be pleased to know it's become much cheaper to buy an Abruzzo property recently, because the pound is rocketing versus the euro. To be specific, sterling hit 1.2563 against the common currency recently, its strongest in 20 months, or since October 1st 2012.

What does this mean for you when you buy a property in Abruzzo? Well, it'll be much cheaper to do so, because you'll get more euros when you exchange currencies. In fact, were you to exchange £1,250, you'd get +€150 more now than if you'd done so back when the pound was at its weakest, at 1.1371, on March 12th last year.

Moreover, there's an excellent chance it could become even better value to buy a property in Abruzzo this year, if the pound continues to climb versus the euro. Sterling could rise further, because the Bank of England is predicted to become the 1st major bank since the financial crash to hike interest rates, later this year.

With this in mind, it's shaping up to be a great time to buy a property in Abruzzo, as the strong pound cuts the cost of doing so!

 

About the author

 

Peter Lavelle is a currency dealer at foreign exchange broker Pure FX. For free expert currency advice when you buy a property in Abruzzo, call him on +44 (0) 1494 671800 or email peter.lavelle@purefx.co.uk. He'll be glad to help.