Yesterday we found out that British families are putting off large purchases, favouring caution in these times of economic and political uncertainty. The IHS Markit Household Index shows confidence at a three-month low.
That said, wage growth is overtaking inflation and workplace activity has shown the fastest rise in a year. And I’m firmly convinced that ‘caution’ does not mean ‘putting your plans on hold.’
The informed, cautious buyer can easily still continue to make those purchases – whether it’s because you’ve found the perfect home abroad, or perhaps you’ve moved overseas and are looking to transfer savings – with a bit of forward planning.
There is a huge amount of uncertainty coming up, but, by taking advantage of a forward contract, you can secure today’s exchange rate for up to twelve months. That way, you have ringfenced your funds against the risk of constantly moving markets, but you haven’t had to delay your plans at all.
Just last week, I heard from a couple who are over the moon after we helped them complete on a fantastic house in Rojales, Spain – after years and years of thinking about doing it. Their only regret? Not doing it sooner.
So speak to your Personal Trader on 020 7898 0541 to get started today. And, if you know anyone else who would benefit from our help to get their plans underway, don’t hesitate to refer them to us.
