Baydonhill Cautions Holiday Home Buyers Of Skyrocketing Euro

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by Elisha Sanders

Figures released today spell trouble for Brits planning to buy foreign holiday houses, with the average price of a house in France or Spain rising by £26,000 to £160,000 due to the increasing strength of the Euro. Baydonhill, who were once known as The 4Less Group, specialise in purchasing foreign currency or property for either private customers or corporations and have on the ground knowledge of the price hike.

CEO of Baydonhill, Wayne Mitchell, spoke of the powerful rise the Euro has seen in the past year, especially when considering the recent downward movement of the pound. This is bad news for those looking to buy foreign holiday homes in the near future.

Mitchell did go on to say that, by utilising services offered by foreign exchange specialists, buyers could have a representative monitoring the market and buying Euros whenever the exchange rate was at a prescribed level. This could help to alleviate some of the stress of buying internationally at the moment, and weather the currency market instability with a better footing.