Eurozone Offers Brits More Housing Opportunities
The Eurozone is varied in its culture and available lifestyles, in which there are some incredibly popular locations which catch the eye of British expatriates buying homes in the single currency region.
Some of the most popular destinations have been France, Portugal and Spain. And it has been the properties in these countries which have dropped in price and provided the opportunity to British expatriates buying homes abroad. An opportunity which has become attractive due to the pound holding reign over the euro.
Power in the wallets of British expatriates
When the pound is strong it is promising news for anyone purchasing in the Eurozone, and even now with the euro weaker than the pound the advantage lies firmly with the buyer. House prices in the United Kingdom have been for the most part at a high, and this has pushed many would-be buyers out of the domestic market.
In the case of Brits moving abroad the situation is ever so slightly different. Not only will their eyes see the opportunities put before them, but British expatriates buying homes abroad will also be able to take advantage of the Eurozone property market since their wallet will hold the power. And with news suggesting the UK could be in line to have its economy rise faster than any developed nation, it will mean savers who had been experiencing record low rates will be happier and better off as time progresses.