Many of us dream of owning a home abroad. But purchasing a significant asset in a foreign country in a different currency comes with a particular set of complexities. If you are buying a house abroad, in Italy or in a country with a different currency, you should be aware that you could lose significant amounts of money due to the bank charges on both your side and the receiver’s side, and also due to the fluctuating exchange rate. There are large amounts to be saved or lost when transfering the money in order to buy a property, depending on the service you use.

Whether you buy or sell property in Italy, or in other countries and you are paying in a different currency, you're paying a cost for converting those amounts from one currency to another. For this reason we recommend our clients to ask the advice of a company with expertise in this sector instead than simply transfer the money from their own bank account in the U.S.A. or in the UK to a bank account in Italy.

International property purchases, and the financial transactions that go with it, require specialist brokerage services that make the process straightforward and secure, and get the best possible deal in a world of fluctuating exchange rates.

With an account manager that is on hand throughout the process from start to finish, clients can access expert guidance and service from a foreign exchange specialist that understands the client’s needs and has a constant eye on the market to lock in the best deals possible.

In the past years we have worked with many international clients who have opted to work with specialist companies to avoid losing money on exchange rate and international transfer fees.

Senior Currency Broker, David Bayliss, explained:

“Because we only deal in foreign currency exchange and buy and sell large amounts of currency on a daily basis, we can achieve better rates of exchange for the customer.”

“Whether we are working with an individual buying a property abroad, or a business client importing and exporting anywhere in the world, our approach is the same. The focus is on the client and they have direct access to their account manager whenever they need them.”

“Foreign currency and exchange rates aren’t always immediately familiar to people and they need to know they can put their trust in the professionals for their own peace of mind.”

With the support of an expert, clients can understand the specific currency risks and choose the products that best fit their needs. This will help take the stress away from what can be a very daunting and foreign process.

In addition a currency exchange rate company can provide contracts which lock in an exchange rate for anything up to two years into the future. This allows a client to plan and budget, knowing exactly what rate they are dealing with. Any effect of fluctuating rates in that time will not affect their bottom line.

Abruzzo Rural Property in the past years has been working with numerous exchange rate companies, if you are in the process of transferring your money feel free to ask for advice, we will put you in touch with an expert that can provide:

• Personal support – after a full review of a clients’ needs, concise recommendations, all with no obligation.
• Beneficial exchange rates – transparent rates with no added fees at a fraction of the cost of going through the bank and with the option of locking in rates for up to two years with forward contracts.
• Simple, no fee payments – there will be no charge for transfers and with access to SEPA, SEPA Instant, Fast Pay and CHAPS, money will be transferred as quickly as possible.