Developers respond to currency fluctuations by offering fixed euro rates on overseas properties
The desire to own a second property in the sun has not subsided but for those considering purchasing overseas, especially within the euro zone, concerns over currency fluctuations are making some think twice.
The pound’s weak performance against the euro over the last few months has forced property developers to review their offerings and many are now giving potential property buyers access to attractive finance deals.
On Sal Island in the Cape Verde archipelago for example the 5 star Dunas Beach Resort and Spa and Tortuga Beach Resorts have the euro rate fixed at 1.5 to the pound, resulting in fantastic discounts and also stability when it comes to the strength of the euro.
Adrian Lillywhite, MD of specialist agents Cape Verde Property Ltd, comments, “A large 2 bed, 2 bathroom apartment with air conditioning, free legal services and furniture pack in one of these 5 star gated communities can now be purchased from a fixed rate of £98,633, giving a saving of over 16%. This short term offer has been extremely popular and has made buying overseas affordable once more in today’s economic climate.”
For more information please contact Cape Verde Property Ltd on 01753 859233 or visit www.capeverdeproperty.co.uk.