Over half of 35-44 year olds said that the weather and the distance from the beach was more of a priority than the legalities of buying a property. Interestingly those aged between 18-34 were more clued up, citing currency exchange rates as their highest priority.
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CEO of Foregin Currency Direct, Peter S Ellis, said: Property taxes and local laws should not be ignored and it is extremely important for people to consider all factors when buying property abroad including currency exchange and transfer which can have a dramatic impact on the final cost of an overseas home.
People should seek guidance and support when making such life changing decisions and by allocating clients a dedicated dealer acting as the eyes and ears of the foreign currency market.
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