Tuscany property now cheaper for Brits, as pound hits 7-year high
Are you a Brit thinking of buying a Tuscany property? If so, it may interest you to know that purchasing an Italian villa will now set you back considerably less, because the pound has hit a 7-year high versus the euro, at 1.2911.
What this means for you is that, when you exchange currencies to buy a Tuscany villa, you’ll receive far more euros.
For example, if you were to exchange £125,000 for a Tuscany villa, you’d now receive +€20,000 more than if you’d done so back in March 2013, when the pound was far weaker.
So, buying a luxury Tuscany villa is now much more affordable than any time in the recent past. From a currency point of view, it’s the ideal time to purchase an Italian property!
By Peter Lavelle at foreign currency broker Pure FX. For expert currency advice when you buy an Italian villa, call me on +44 (0) 1494 671800 or email email@example.com.