Where the Pound Can Punch Its Weight ; As the Euro Gets Even Stronger, British Buyers Could Still Look to Dubai, South Africa and the Caribbean for a Home
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Summary
The meteoric rise of the euro against the pound has hit British tourists hard, as the cost of everything from a hotel room to an ice cream has jumped by almost 20 per cent in the past year.
Househunters on the Continent face even more pain. A year ago, a threebedroom cottage on the Centre Parcs resort in Moselle, north- west France, cost just over [pounds]244,000 through Erna Low Property. Today, the same house will cost [pounds]50,000 more at [pounds]297,750.See the full content of this document
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Where the Pound Can Punch Its Weight ; As the Euro Gets Even Stronger, British Buyers Could Still Look to Dubai, South Africa and the Caribbean for a Home
The story is the same in Spain, Italy and Portugal, where a euro is worth 18 per cent more than this time last year. Buyers are also suffering in the Cape Verde islands, one of the most popular destinations outside Europe but whose currency, the escudo, is pegged to the euro. However, prices re...
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