Why use Smart Currency Exchange when buying property in Greece?
Learn how to save money on your international currency transfers by enlisting the services of Smart Currency Exchange.
Many of those looking to buy property abroad are unaware of how much money they can save by sensibly managing their international transfers. By utilising the services of a currency exchange specialist you can mitigate the risk posed by fluctuating exchange rates when transferring money overseas, with the help of a dedicated trader and the effective solutions at their disposal.
Don’t take risks with your income
Greece uses the euro, which has seen wild fluctuations against the pound in recent years and may well continue to do so. To avoid the costs of your property, your buying costs and your income when transferred to euros from fluctuating daily, it is best to get a forward currency contract with Smart Currency Exchange. This means that you agree to buy euros at a set level – you don’t need to send or transfer any actual money yet – and when you buy the property your money is exchanged at the agreed rate. Compared to bank rates you can normally save around 4 percent on your currency purchases with Smart – maybe enough to buy a car locally or fit out your new kitchen.
Once you are living in Greece or visiting your holiday home regularly, Smart can continue to save you money that comes from the UK, such as your pension or UK earnings or simply your holiday money. “Whatever you do, don’t just turn up at the airport and get euros,” says The Independent’s travel editor Simon Calder, “you may as well just hand over your wallet and ask them to help themselves!”
Earning money in the sun means paying tax in the sun
The process is quite simple. Smart Currency Exchange, who are authorised by the FCA and HMRC to transfer funds, will provide you with a personal trader who will help you open your account and be on hand to help you plan your currency schedule, depending on the market movements. This will protect you from the risk of currency fluctuations and help you to plan your budget with price certainty.
Free Currency Guide
Smart Currency Exchange’s free guide, ’Three essential steps to buying property abroad’, can help you through any stage in your Greek property purchase. Like the team here at Property Guides, Smart Currency Exchange recommends investing in the following three steps for a successful property purchase: a trustworthy estate agent, an independent solicitor and a currency exchange specialist. These are the three critical pieces, the ‘Golden Three’, of your Greek buying puzzle.
Find out more about why these three are the are so important and what they can each help you with, by downloading your copy of Smart Currency Exchange’s Three Essential Steps to Buying Property Abroad.
Let Smart take the risk out of your currency transfers
Whether you are buying a property abroad, making regular payments or sending money back to the UK, you will want to protect the value of your currency transfers from fluctuating exchange rates. That's where Smart Currency Exchange can help. We minimise the risk associated with transferring money overseas by providing expert guidance every step of the way.