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Whether you're buying a dream holiday home or investing in Cypriot property, you will have to make one or more currency transactions to complete the purchase. The issue needs serious planning, especially if you are buying a new development 'off plan' where you will be required to make a number of 'stage payments' during the construction of your property.
Whilst you will know the price of the property in Euro, the actual cost in Sterling will be determined by the exchange rate you obtain. If Sterling strengthens during construction, the cost will decline, but if the Euro strengthens, then your costs will increase i.e. a stronger Euro means your dream home will be more expensive.
Last year, HIFXhelped over 30,000 private individuals buy and transfer currency. Competitive exchange rates which save you money are just the start. HIFX is the only currency broker to have eliminated all bank receipt charges. As a result they can guarantee that clients of Cyprus Property Finder will not have to pay any receipt charges when they send funds abroad. Other brokers only offer a free UK transfer on larger transactions and some eliminate receipt charges only if clients open accounts with specific branches of specific banks.
No one can predict the currency markets, but HIFX has been ranked within the top 3 most accurate foreign exchange forecasters globally by the Reuters Forex Poll. Published annually, the league table compares all the major banks and financial institutions worldwide over the last four years.
For more information contact us on info@cypruspropertyfinder.com
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