Newestate
« BACK
Your Euro priced property is worth 15% more Pounds today than it was in June.
10.10.2016

For any British owner selling their Bulgarian property and converting back into Pounds, now is the best time to sell in the past 5 years. Brexit has triggered a convenient advantage for your Euro valued investment: on the 23rd June the exchange rate was 1.30 Euros to the Pound, today it is 1.10, that’s a 15% shift in your favour.

In real terms this means that anyone seeking 35,000 Euros for their Sunny Beach apartment pre Brexit to achieve £27,000, can now afford to better compete with the stiff Russian competition (who have for nearly 2 years benefitted from the exact same currency advantage) and can afford to lower their asking price to 29,500 Euros and achieve the same £27,000.

 

See below the past week of activity shifting almost 5% in your favour:

 

Past 7 days of EUR to GBP activity: xe.com

 

If your property has not sold this summer it is very likely to only be because it is overpriced. Your Russian neighbours are selling at lower Euro prices and the few active buyers in the market are snapping up only their offers. Brexit’s consequential currency swing has afforded you the advantage to match them and sell too.

 

NewEstate recommends revaluating the achievable price for your property on a monthly basis, contact us if you would like a specific assessment of your case and a current valuation.

Comments
FRANK WILCOCKSON  28.11.2016
Our Bravo property has been on sale with your company and we were advised by your company, to keep the price the same this Summer but still no response. Has your recommendation now changed?
Add comment
 
The fields marked with *, need to be filled in

Comments containing inappropriate language will be deleted by the administrator.

Name*
Email
Antispam code*  
(generate new code)
Comment*
View selection  (0)
News
Gorian Varbanov
Author
Gorian Varbanov
About the author
Irina Dalgopiatova
Author
Irina Dalgopiatova
Irina is one of the editors of the website. She is always looking for good stories and relevant information. Irina has a degree in literature and has been involved in Bulgarian properties for more than 3 years.
About the author
Valuation request
What is your property worth?
Name
Telephone
Email
Property location
More info