What a difference a year makes! This year being the election year, it is predicted for very favourable currency exchange rates for both British and Canadian & European Sellers!!
Here is a chart below with some examples of savings that some of our sellers have made by selling this month, rather than last year.
The rate of exchange in May 2015 was 1.57
The rate of exchange today is 1.44……..a difference of 13 cents or pence
|Property Price USD||GBP May 2015||GBP today||GBP difference|
|$250,000||159,235 GBP||173,610||+14,375 GBP|
|$340,000||216,560 GBP||236,110||+19,550 GBP|
|$450,000||286,624 GBP||312,500||+25,876 GBP|
What a huge difference!
*rates are a snapshot at 9:20 EST on February 11, 2016
*this is for illustration purposes