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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