£ hits 1.40 Euro again....

Discussion in 'Motorhome Chat' started by Judge Mental, Oct 31, 2015.

  1. Judge Mental

    Judge Mental Funster Deceased RIP

    Joined:
    Sep 2, 2009
    Messages:
    6,782
    Likes Received:
    6,034
    Location:
    Sarth London
    No better time to grab an end of season import bargain....
     
    • Like Like x 4
  2. campa cola

    campa cola Funster

    Joined:
    Oct 5, 2012
    Messages:
    2,801
    Likes Received:
    5,646
    Location:
    Weegeland
    Ja ja
    acropolis-greece-sale.jpg

    parthenon-and-the-acropolis-copy.jpg
     
    • Like Like x 6
  3. John Laidler

    John Laidler Funster

    Joined:
    Jan 9, 2013
    Messages:
    8,563
    Likes Received:
    11,535
    Location:
    Plympton, Devon
    Does anyone know why the rate has suddenly improved over the last week or so?

    There are potentially serious political problems in Portugal looming but I haven't seen anything else to explain it.
     
    • Like Like x 1
  4. Spanishsteve

    Spanishsteve Funster

    Joined:
    Oct 18, 2014
    Messages:
    127
    Likes Received:
    167
    Location:
    Eastbourne
    Apparently the euro is still overpriced, the ECB had a meeting in which Draghi all but said that more measures would be brought in to rein the strength of the euro. I think the next meeting is in early December where the traders believe measures will actually be implemented such as extending the quantative easing date which is currently Sept 16.
    I'm looking at buying in Spain so monitor the exchange rate daily. It was 1.44 at one stage recently hen nosedived to low 1.30s now has climbed up.
    One trader I follow believed the euro was going to be 1.50, then China started selling their currency.
     
    • Like Like x 3
  5. mikebeaches

    mikebeaches Funster

    Joined:
    Feb 22, 2010
    Messages:
    957
    Likes Received:
    624
    Location:
    Bristol
    I read reports a few months ago suggesting the euro could hit 1.5 to the pound before too long. No idea if it will happen?

    Currently in the Canaries, so quite happy at 1.40.
     
    • Like Like x 2
  6. GWAYGWAY

    GWAYGWAY Funster

    Joined:
    Sep 6, 2014
    Messages:
    1,887
    Likes Received:
    1,379
    Location:
    Dover
    The £ will follow it as we are dependent upon the EEC for so much , we cannot float outside and pretend it will not affect us.
     
  7. Glandwr

    Glandwr Funster

    Joined:
    Jul 10, 2014
    Messages:
    618
    Likes Received:
    1,689
    Location:
    the Berwyn Mountains
    It better had or our balance of trade will be dire.

    Dick
     
    • Like Like x 1
  8. PeteH

    PeteH Funster

    Joined:
    Nov 22, 2007
    Messages:
    1,750
    Likes Received:
    2,152
    Location:
    East Yorkshire
    That`s close to what it was when first floated Is`nt it?

    Pete
     
    • Like Like x 1
  9. vwalan

    vwalan Funster

    Joined:
    Sep 23, 2008
    Messages:
    7,594
    Likes Received:
    3,853
    Location:
    roche cornwall
    be nicer if it goes back to 1.65 euro to the pound . make shopping in europe cheap again.
     
    • Like Like x 3
  10. Bobby22

    Bobby22 Funster

    Joined:
    Dec 15, 2013
    Messages:
    1,054
    Likes Received:
    3,129
    Location:
    Scotland
    Isn't the fact that the euro being strong knocks hell out of cheap package holidays.
    When the old pesaeta, drachma and escudo were around spending power made these destination attractive .
    Bulgaria and Turkey are mopping up this type of tourism right now.

    Ecconomies relying on tourism suffer when the euro is strong.

    Handouts are the only saving grace for these countries being part of the euro.
     
  11. wiljoy

    wiljoy Funster

    Joined:
    May 23, 2008
    Messages:
    840
    Likes Received:
    926
    Location:
    Crook, Durham
    Tread very carefully and do a lot of homework before you buy in Spain. One very serious concern is that the British are no longer popular with the Spanish. It's now the turn of the Russians. We had a place over there but the costs and extra taxation was nearly trebled in 10 years. Beware of the hidden costs not many will reveal when purchasing also your compulsory will which they'll sting you for. Add on excessive bank charges and property taxes for non resident. If you need any help just PM me.
     
    • Like Like x 4
  12. vwalan

    vwalan Funster

    Joined:
    Sep 23, 2008
    Messages:
    7,594
    Likes Received:
    3,853
    Location:
    roche cornwall
    just visit and enjoy .
    i remember 330 pesetas to the pound as a child . it was about 250 when it all went euro.
    at one time a few years ago uk had lost two thirds compared to the 60,s .
     
    • Like Like x 1
  13. Techno

    Techno Funster Life Member

    Joined:
    Jul 28, 2010
    Messages:
    13,847
    Likes Received:
    14,474
    Location:
    Leeds the one up North
    Interbank rate?

    However thanks to @dpsuk999 I now have a Revolut card and they give you that rate!
    google Revolut. Meanwhile CAXTON are at 1:36
    image.png
     
    Last edited: Oct 31, 2015
    • Like Like x 2
  14. Techno

    Techno Funster Life Member

    Joined:
    Jul 28, 2010
    Messages:
    13,847
    Likes Received:
    14,474
    Location:
    Leeds the one up North
  15. mickyc

    mickyc Read Only Funster

    Joined:
    Nov 30, 2009
    Messages:
    566
    Likes Received:
    2,013
    Location:
    Spain/Portugal
    I think if your intending to live "long term" in Spain, your safest bet by far is to long term let.

    You can get a 2 bed villa with access to a pool for circa €500 per month, your only commitment is a 3 month contract.

    If you don't like it (or your villa turns out to soon become a motorway) simply move somewhere else. You can then keep your money in the relative safety of the UK property market.
     
    • Like Like x 8
  16. vwalan

    vwalan Funster

    Joined:
    Sep 23, 2008
    Messages:
    7,594
    Likes Received:
    3,853
    Location:
    roche cornwall
    best just visit in winter . keep your uk place or move to somewhere you like in uk .
    summer in uk is nice if your in the right place . spain etc are nice to visit in winter but keep moving see a bit more .
    i thought i mght buy in spain but i,m glad i didnt . mind i thought my parents might buy in spain. now i think i,m becoming my dad. i know where he was coming from now. just visit and leave.come back to uk its lovely here .
     
    • Like Like x 7
  17. Bobby22

    Bobby22 Funster

    Joined:
    Dec 15, 2013
    Messages:
    1,054
    Likes Received:
    3,129
    Location:
    Scotland
    261 pesetas to the pound new years eve day before change over.

    A euro was introduced at 166 pesetas.

    Making a £1 = €1.57
     
    Last edited: Nov 1, 2015
    • Like Like x 1
  18. jumar

    jumar Funster

    Joined:
    Nov 6, 2012
    Messages:
    809
    Likes Received:
    1,076
    Location:
    Spain/Notts
    Too true, good advice, we have recently had visitors to the Camperstop who intended to LONG TERM RENT nearby in Murcia.
    They viewed a few properties and when the agent (Bless him) told them they could buy the one they decided on to rent, THEY BOUGHT IT, they had been in Spain less than one week. Now whats that expression the Spanish say?
    "Leave your Brain on the Plane."

    Not heard of the Spanish not liking the Brits, our circle of Spanish friends don't think or express that.
     
    • Like Like x 6
  19. gus-lopez

    gus-lopez Funster

    Joined:
    Aug 18, 2014
    Messages:
    4,339
    Likes Received:
    7,874
    Location:
    Lorca,Murcia,Spain
    You were obviously tucked up along the line somewhere ? Or bought on the cds.:)
    I thought most knew that you can add 10-12% to asking price for taxes/fees ,etc;when buying ? Never heard the "don't like the brits wherever I've been " ? The only thing my council tax has done is reduce by 30% .Bank charges , yes I'll give you that one although I was told before I moved that they had the highest charges in western europe ! I just go in and say Wtf is this & normally get them reinstated.
    I'd have to agree about buying at the moment though. Not for your reasons but for the fact that a brexit could see us all deported!:D
    I certainly wouldn't buy again ,I'd rent as everyone else is saying.
    Then again the chances of actually selling anything here , even a car ,is nigh on impossible unless given away.:eek:


    You can get a 4/5 bed, gated in 5000m2 with pool for that around here :LOL:

    I can never understand those who do that. :(
     
    • Like Like x 2
  20. BreweryDave

    BreweryDave Funster Life Member

    Joined:
    Aug 10, 2011
    Messages:
    1,565
    Likes Received:
    3,629
    Location:
    Torre Del Mar - Malaga
    Interesting comments!
    Trouble is - you only hear the horror stories.
    We moved to Spain in September. We did our research, visited the area , got a good agent and a good solicitor, and have never been happier!
    I didn't want my lump sum tied up in a bank or a financial product - so bought a fantastic 3/4 bed villa with land and pool, fab sea and mountain views, 10 mins to town, great neighbours, English and Spanish, have deal with all the paperwork with ease (it's about understanding the system and accepting it!) after all - their country their rules!
    Overall cost of living is low.
    If we decide to change location will rent the villa out and go rent elsewhere leaving my capital safe in property - and the spanish market is slowly picking up. As for a Brexit - I don't believe that will affect ex pats - it would harm the local economy too much. There's bound to be some paperwork but hey - that's spain!
    In a nutshell - best thing we ever did - no regrets - and by accepting local ways and joining in we feel totally at home!

    Off for Sunday beers and paella shortly

    Oh - did I Mention -the suns shining!
     
    • Like Like x 11
Loading...

Share This Page