Thursday, September 11, 2014

Great time for Brits to buy Corfu property, as sterling strengthens

eksofilo corfuluxurypropertiesExcellent news if you’re a Brit planning to buy a property in Corfu: it’s now less costly to do so, because sterling has been racing up against the euro. Just recently for instance, the pound touched its strongest versus the common currency in 2 years, or since August 2012, at 1.2699.
What this means for you is that, when you buy a Corfu property, you’ll receive a far higher euro total. For example, were you to transfer £125,000 to your Greek bank account, you’d now receive +€17,000 more than 18 months ago, when the pound was weaker. So, this will add greatly to your euro total!
Sterling has risen against the euro, because the European Central Bank seems intent on dragging down the euro. For instance, just yesterday ECB executive Ewald Nowotny said a falling euro was “positive.” So, as the Eurozone’s authorities try weaken the common currency, Corfu property becomes more affordable for you!
By Peter Lavelle at foreign exchange broker Pure FX. For free expert currency advice when you buy a Corfu property, call me on +44 (0) 1494 671800 or email


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