Sterling has slumped over the last year, making now a good time to rent and sell any property you own abroad.
Rent and sell; loyer et vente; aquiler y venta. In any language, the message is the same: now is a good time to sell any property you own abroad and rent instead.
The falling value of the British pound against the European single currency means many people wanting a place in the sun are choosing not to buy but rent, and sell if they already own properties on the continent.
The pound sterling fell in value more than any other major currency during 2007, while the euro went up. The pound lost more than nine per cent of its value against other currencies, while the US dollar – which also had a bad year – fell by 8.4 per cent. Meanwhile, the euro appreciated by six per cent over the year, and climbed past the 75p mark for the first time in its short history.
Bad for export, good for rent-and-sell
This is bad news for British companies exporting goods, but better news for anyone thinking they would prefer to rent and sell instead of buying property abroad.
To sell a property in the Eurozone now would fetch more – in pounds – than ever before thanks to the high value of the euro compared to the pound. Expats who are paid an income like a pension in pounds will find it buys less abroad, but those who own their properties can solve the problem with a rent-and-sell strategy.
The "rent-and-sell" strategy
The rent-and-sell strategy favoured by many is to rent the same property (or a larger or smaller one, depending on means and needs) and sell the one they own. Choosing to rent and sell at the start of 2007 with a 100,000-euro property would have translated into a lump sum of about £70,000.
A rent-and-sell strategy with the same property now would convert into around £12,000 more – and that's before European property price increases over the last 12 months are taken into account.
Rent and Sell with rentandsellltd.co.uk
If you're caught in a financial house-trap, rentandsellltd.co.uk can throw you a life-line. Rentandsellltd.co.uk offers a sell and rent back scheme for those who like living where they are and want to maintain stability but are facing mortgage arrears, repossession, bankruptcy and debt or concerned financial meltdown is looming. The rent and sale scheme is an alternative to selling up and moving, allowing you to stay put and find financial solutions. Rentandsellltd.co.uk will buy your home and allow you to continue living in it as a tenant. Find out more, call Rent and Sell Ltd. today on: 08000 255 966.