Sterling surge sees renewed demand for cheap Dordogne property

AN ARTICLE published by Homemove, property help portal in the UK, yesterday revealed that currency company Foremost Curreny Group reported a 100% increase in the number of people buying euros and dollars to fund house purchases.

The Managing Director of FCG, Robin McEwen, says "the pound's recent retuen to form is positive news for British investors who have been looking to take advantage of deflated property markets in the US and Europe, but have so far been holding back."

However, importantly, he warns that the boost is likely to be short-term because "the pound's underlying waekness remains."

Savvy buyers see a window of opportunity where the pound's current run of strength against the euro coupled with lower asking prices for property in the Dordorgne means that they can buy now in conditions that are equivalent to a rate of 1.40 euros to the pound some two years ago.

At least for now ...