Looking at the currency graphs over the past few years it’s easy to see when the school summer holidays occur because it’s precisely the point when the pound dips sharply. Not that correlation necessarily implies causation, of course. The falling pound in August also (inversely) mirrors increased sales of ice cream and buckets and spades.
All the same, it’s now September, the schools are going back and the pound is on the way up. Or it has been, anyway. It could be a temporary reprieve so a call to your trader on 020 7898 0541 to lock in the rate via a Forward Contract might be a good idea?
This is a busy time for buying property as so many people return from holidays determined to make that relaxed holiday vibe a greater part of their life. The great advantage of holiday homes, of course, is that your visits to them should be entirely unaffected by Brexit. This is a really good guide to buying a holiday home in Spain, should you be interested. I read that 41 British people every day (!) are buying a property in Spain. Is that caused by the current situation in British politics, I wonder, or merely correlated?
At Smart we’re gearing up for a busy autumn of property shows. It starts with Your Overseas Home shows in Harrogate (5 October) and Epsom (9 November). Both are centrally located for the North or South of England, with easy access via road and rail and convenient parking.
Your chauffeur can worry about the parking for our other big show of the autumn, The Luxury Property Show at London’s Kensington Olympia, which is also very easy by train. It happens on 31 October and 1 November. The show has new organisers this year and I believe will be sensational – and perfectly timed as we will have some idea of the future direction of Brexit. This one is focused on property at the £500,000-plus end of the market, but some of us might be looking for golden visas by then, so well worth getting a ticket for.
I will be at all the shows – as usual – so will hope to see as many of you there as possible.
