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Friday 27 June 2014

Why is it a Great Time to Rent a Villa in the South of France? The Sterling Surges!

Why is it a great time to rent a villa in the South of France?  Expert currency advice from our guest contributor Peter Lavelle alerts you to the pound surging in the last few weeks making your rental this summer in the Languedoc, Provence or the Riviera cheaper.

Great news for you if you plan to rent a villa in the south of France this year! It's currently less costly to do so, because the pound has hit its highest versus the euro in 20 months, or since October 1st 2012, at approximately 1.2563. So when you exchange currencies, you'll get a higher euro total!

How many more euros will you get when you rent in the south of France?
If you were to exchange £1,250 into euros to rent a villa in the south of France, you'd receive approximately +/- €150 more at present than if you'd done so when the pound was weak, back in March 2013, at around just 1.1371. So this isn't pocket change - the strong pound will add significantly to your final euro total!

Why is the pound rising against the euro now?
Sterling is strengthening against the euro for 2 reasons. The first is that the UK economy is forecast to grow 3.0% this year, more than any other major country. The second is that the Bank of England looks set to become the 1st major central bank since the recession to hike interest rates.

Will the pound continue to rise against the euro, further cutting the cost of renting  in the south of France?
The pound may just continue to rise further! This is because there is absolutely no sign that the UK's economic revival will let up any time soon. Quite the opposite, there are more people in work in the UK now than any time since records began, while prices in the UK housing market are surging.

So as the pound rises against the euro, it's a great time to rent a property in the south of France!

About the author
Peter Lavelle is a currency dealer at foreign exchange broker Pure FX. For free expert currency advice when you rent a property in the south of France, call him on +44 (0) 1494 671800 or email peter.lavelle@purefx.co.uk He'll be glad to help.

Here are 2 examples of rental properties in the South of France showing your approximate savings on booking a weeks' holiday in August now compared to March 2013: 

La Petite Bastide (HE091A) - A Languedoc Villa on a Golf Course near Beziers and the Mediterranean Beaches.The villa sleeps up to 6 people, has Wi-Fi, air-conditioning, private pool and a summer kitchen.  A week staying here in August is €2375. Paying in £ sterling in March 2013 this would have cost approximately £2088. With the current favourable exchange rate the same property costs approximately £1890 - a saving of around £200!
Holiday Home for rent with pool in the Languedoc
Benefit from getting more for your £'s! La Petite Bastide (HE091A) is approximately £200 cheaper in August when you book now compared to March 2013 due to the current great exchange rate.

Villa Ilana (AM035A) - A beautiful villa on the Cote d'Azur, above Sainte-Maxime with views of the Mediterranean and Saint-Tropez. Sleeping up to 8 people and equipped with air-conditioning, Wi-Fi and a large, curved, heated infinity pool. 
A week in August is €4375. If you booked and paid in £ Sterling in March 2013 this would have been approximately £3847. The same week booked now would be approximately £3482 - a saving of around £365!
Riviera, Luxury Villa rental with Private Pool
A saving of approximately £365! Villa Ilana (AM035A) near Sainte-Maxime on the Cote d'Azur.

Please note; The bank rates used by South France Villas may differ slightly from the rates shown above, however they do follow the same trend. To benefit fully from the strong £ sterling rate, you may find it advisable to research all options of payment before making the transaction.

If you would like any more information about our properties and their prices and availability, please do not hesitate to get in touch with South France Villas!
UK: +44 (0)207 060 5414
France +33 (0)4 67 36 05 54

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