I bought my property in 2005 per 250.000 EUR, and now I will be lucky if I sell per 200K!
…ANSWER: TLACORP.- Dear Client, I would like to make a rapid calculation for your special case:
When you bought in 2005, the rate GBP/EUR was of 1,5 EUR/GBP. So, to buy a property of 250.000 EUR, you needed around 166.666 GBP. Now, the rate is 1,15, so, if you obtain 200.000 EUR , you will get 173.000 GBP!.
Imaging the rate falls till 1,2, you will be getting 166.666 GBP for 200.000 EUR!.
It sounds extrange, but if rates are as explained, you could be winning money for the sale at the end!