The Ultimate Homes Blog

We certainly do live in interesting times. Last Thursday evening I went to bed at just after midnight and had read that Nigel Farage of UKIP had conceded defeat to the British "remain in the EU" voters. You know the rest, I woke up early on Friday morning to find that both Britain and Europe are to become divided and more fragmented than many of us can remember. I will leave the politics to one side as there are many out there who are in a better position than me to comment further on that. The fact is though that following the referendum vote, nothing is going to change overnight (apart from the GBP/EUR exchange rate). The process of leaving the EU is likely to take at the very least two years. However, the weakened pound means that Spanish property has now become 10% more expensive for British buyers. At the time of writing 1 British Pound will purchase 1.208,50 Euros, compared to one week ago when it was equivalent to 1.32 Euros. The exchange rate will be volatile now ...

We work closely with the currency exchange firm HIFX and have therefore reproduced this blog to help some of those who are still unclear how Brexit could affect you. "There’s now just over a month until Britain goes to the polls for the EU Referendum, and it’s still unclear what the outcome will be. With the latest result from the  Financial Times Poll of Polls  currently showing 46% stay, 44% leave and 10% undecided (as of 17 th  May 2016), it seems to be too close for anyone to call. This uncertainty appears to have been a significant factor in causing the  Pound’s value to fall by around 9% since November 2015. It seems reasonable to assume that we will not see a recovery for as long as the uncertainty remains, although the longer term picture is harder to predict. But as we’ve discussed throughout  our Brexit coverage , there are still options to help you prepare yourself during this period of volatility, whatever happens on 23 rd  June. While th...