Knight Knox aim to ensure that our clients
save money wherever possible when buying overseas
property.
Currency exchange rates fluctuate constantly
and these changes can greatly affect the amount
of 'local currency' that your Pounds Sterling
will buy. Therefore, the actual price of the property
you are buying is subject to the exchange rate
at the time when you transfer your money across
to pay for it.
For example, a 200,000 Euro property in December
2002 would have cost a UK buyer £127,300
at that time. Whereas by February 2003 the same
200,000 Euro property would have cost £136,100,
an increase of £8,800 purely due to fluctuations
in the exchange rate.
It cannot be underestimated just how important
it is to be aware of exchange rates and to have
professional advice and guidance on how best to
transfer money abroad. There are many options
available and with the right advice currency exchange
can be made to work in your favour.
Knight Knox strongly recommends that you speak
to an expert in this field, to obtain the best
advice, favourable exchange rates and a good service.
Our chosen partner in relation to currency is
Sterling Exchange –
a London based leading currency broker who have
proven time and time again that they save our
clients money and offer an efficient service and
professional advice.
In summary:
- Buying at the right exchange rate can save
you thousands of pounds
- With guidance you can plan your payments in
advance
- It is possible to take advantage of the markets
in your favour
- Ensure your transactions are cost effective
and fast
- Use a professional company who specialise
in foreign exchange
- Don't leave it as an afterthought - it's an
important part of your purchase
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