Now is the time for Britons to buy property in Europe

Jim Mellon, Britain's answer to Warren Buffett, says the euro has hit the bottom and now is the time for Britons to buy property in Europe.



The combination of favourable exchange rates and comparatively low house prices makes purchasing on the continent the investment to make.



That being said, the currency markets are incredibly volatile at the moment; the cost of a 200,000 euro property was £6,000 more expensive last week than it was the week before so timing is key.



Entrepreneur and investor Jim Mellon has reportedly amassed a fortune of £850m by making the right calls and identifying various key trends or "money fountains".



He built his reputation after making spectacular amounts during Russia's transformation in the 1990s and more recently has seen his bold views on biotech pay off. Sometimes called Britain's answer to Warren Buffett, he co-authored Cracking the Code three years ago, which correctly predicted biotech investments would take-off.



In a new series of video interviews with Telegraph Money, he shares his views on the best investments today, how he built his fortune and his worst investment mistakes.

Concern for expats selling property in France

The stronger £ over the last 12 months has seen a significant increase in buyers coming back to the French property market.

But, as always, there is a flip side to the coin. In this case it is for sellers planning to sell up and go back to the UK, as they have seen the price of their house reduced by over 15% during the last year, purely by currency movements.

In addition, they have probably had to reduce their asking price if they have been on the market for a while, so have endured a “double whammy”.

2015 is the year to make it happen!

Recently, the £ has pushed through to the 1.375 barrier against the Euro, which would make French houses very affordable for UK buyers.  Less than a year ago was below 1.19, so at over 1.375 we have seen a significant move in the FX markets, and French houses are effectively over 15.5% cheaper for UK buyers. A 500,000 € house costing £423,730 a year ago, is now a much more attractive £363,635.



So here’s hoping we can make it happen for you too! 

Good news for UK buyers!

 Recently the £ has pushed through to the 1.375 barrier against the Euro, which would make French houses very affordable for UK buyers.

Less than a year ago was below 1.19, so at over 1.375 we have seen a significant move in the FX markets, and French houses are effectively over 15.5% cheaper for UK buyers.

Translated into money, a 250,000 Euro house would have cost £210,085 last year, but today is only £181,820, almost £30,000 cheaper!



2015 is the year to make it happen.  Here’s hoping we can for you also!

Currency Importance

When buying property abroad, check the exchange rate - it is equally as important as negotiating the sale price. Purchasers of property abroad are always keen to negotiate a good price, but most fail to realise that they can achieve significant savings by receiving the best currency exchange rates.

Through our business partnership with a specialist brokers, we are able to offer a choice of immediate or forward contracts to secure your Euros against Sterling.

Allez França¡s has a dedicated dealer able to offer an exceptional service. A forward contract is especially worthy of consideration if a purchase is not immediate. It can be bought at a pre-determined rate from 3 days to 2 years ahead. The rates achieved will aggressively undercut High Street banks and other sources. Currency is transmitted by priority telegraphic transfer to anywhere in the world.

Our dealers offer a simple straightforward solution for all commercial Foreign Exchange requirements. Visit our Finance page to download an application form. http://www.allez-francais.com/finance.htm

Peter Elias (Agent Commercial), La Moinerie, 79500 Paizay le Tort, Deux-Sèvres, FRANCE

Tel: 00 33 (0)5 49 27 01 22 or Tel: 00 33 (0)8 77 07 58 99 Mob: 00 33 (0)6 62 28 02 25