N
nigelallen
New Member
I have not seen it discussed much on this board but i think it is an important thing to think about when buying abroad,
It was only just over a couple of years ago i was getting over 5 reals to a UK pound, today it is 3.69 to a pound,
2 years back a house costing $R200,000 Would cost £40k that same house today would cost £54k an increase of 35% in 2 years,
Some on here would like us to think that the increase in prices in brazil is down to the mad rush of people buying property, when in fact the real rise in real estate is down to the exchange rate.
worth discussing surely? just remember in 6 months the Real could be back to over 5 to the pound and anything bought today would be worth 35% less. ouch.
Cheers
Nigel
It was only just over a couple of years ago i was getting over 5 reals to a UK pound, today it is 3.69 to a pound,
2 years back a house costing $R200,000 Would cost £40k that same house today would cost £54k an increase of 35% in 2 years,
Some on here would like us to think that the increase in prices in brazil is down to the mad rush of people buying property, when in fact the real rise in real estate is down to the exchange rate.
worth discussing surely? just remember in 6 months the Real could be back to over 5 to the pound and anything bought today would be worth 35% less. ouch.
Cheers
Nigel