Sunday, July 21

Day: July 19, 2014

£40k for a holiday home – should you go for it?
ENGLISH, Featured

£40k for a holiday home – should you go for it?

A home in the sun for £40,000: Is it too good to be true? We look at the pros and cons of buying on the continent now it's become cheaper As the pound shoots up against the euro, the price of a bolthole on the continent is rapidly shedding its cost.Last summer the value of sterling was around €1.14, whereas it’s now hovering at €1.26.Coupled with a few years of falling prices in Europe and, suddenly, that farmhouse in the Tuscan Hills or villa next to the beach looks remarkably good value – especially when compared with overheated parts of the British market.It's entirely possible to pick up a property for as little as £40,000 in southern Italy and a home for less than £100,000 in Spain and Portugal (See gallery below). Perhaps it’s not surprising, then, that overseas property special...