Thinking of travelling to France to find your dream property?

At this time of year, we see a big shift in France property hunters making the trip to go and find that dream home of theirs, and what better time to do it, where you can begin to see that ideal home abroad in bloom as spring comes. Here at Moneycorp we understand how magical this process can be, so want to make it as easy as possible by taking the dreaded budget fears out of your hands. 

Buying a property abroad can be an exciting adventure. But liaising with a different jurisdiction and often in a different language can create some additional challenges. On the top of it, if you need to pay for that property in a different currency, the whole process can take a new dimension.

What do we mean by this?

With market fluctuations being a constant and often unpredictable, we see how quickly budgets can change and shift when you least expect it. The last thing you want is to find your home and end up with higher price that the one initially agreed because the exchange rates have moved.

Over the years we have seen the advantages of planning in advance with the help of a specialist company like Moneycorp. We can offer not only competitive rates of exchange- but also a range of currency tools tailored to your circumstances, ensuring you have control over your money and budget. 

Tools such as forward contracts* (helps you lock a rate in advance) and market orders (target a rate of your choice) can not only help you by protecting your budget but they can sometimes maximise your budget getting you more for your money. 

Our services in action
Clients David and Miranda got ahead of the game when buying their property in early 2024. With a budget in mind, they approached us to discuss their current options in the market.

During March 2024 we experienced a high of 0.8618 and a low of 0.08511. The client had a budget of 400,000 euros, which means…

• At the highest rate (€1 = £0.8618): €400,000 would be equivalent to £344,720.
• At the lowest rate (€1 = £0.8511): €400,000 would be equivalent to £340,440.

The change in price from the lowest to the highest exchange rate is £4,280.

With there being strong geopolitical tensions in Europe a market order was placed with the expectation of a stronger pound mid-March. This rate was hit and an automatic order was placed which in turned saved the client about £4000. Enough to buy yourself some nice new outdoor furniture and a BBQ…

When setting up an account with us you gain access to a market specialist who will talk you through your options and keep you up to date with market movements. This is free of charge and there is no obligation to trade with us. Open an account today by clicking here.

Lead photo credit : Shutterstock