Post Eu Referendum Vote-Our take from Girasol Homes

Hi everyone, a quick note on the immediate reaction to the UK vote on the EU and I confess it was a surprise to many who assumed we would stay in the EU when the United Kingdom voted out. People are naturally asking us at Girasol Homes our position and opinion.
 
Keep calm and carry on 
 
 
 
 
 
 
 
 
 
 
Its been a busy day here with many people wanting to know what will happen next and both sides are either ecstatic (out) or down (remain). From our point of view we have had a very busy week with sales to clients from all nationalities, English, Dutch, Finnish, Scottish, British, Belgian and German and these were all "outcome unconcerned" clients. Sales are still happening today and expected to next week as well.
 
With the pound steady at around 1.24- 1.25 most things are continuing as usual but we expect this weekend to be a slightly quieter one. I think it is important not to over react to what has just happened, people are moving to Spain and Portugal for all sorts of reasons, investment, retirement, second homes, leisure and for business and these Iberian economies are recovering (and have been for a while).
 
Our currency partners said (Daniel Wright at Currencies.co.uk)
 
Following the decision for the U.K to leave the EU - Sterling exchange rates saw an immediate drop followed by a slow recovery throughout the trading day. The fact that the Pound has not dropped off by quite a lot more is surprising and should be seen as a positive for those looking to buy property overseas this year. Pressure may now start to mount on the Euro as other economies may seek to leave the EU and I would not be surprised to see Sterling come back up against the Euro in the coming weeks. Of course it is hard to know exactly what may happen next but we need to remember that at present nothing has changed and we will not officially be out of the EU for a long period of time.

Mortgages at great rates are still freely available to Uk and Non EU citizens and for us its business as normal, let us know when you are coming to view!
Posted by: Nigel Salmon on Friday 24th June 2016

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