Property investors 'should fix eurozone exchange rate'

Property investors considering making purchases in the eurozone have been advised to fix an exchange rate as soon as they have agreed to buy a property.

Speaking to the Times, James Hickman, managing director of currency firm Caxton FX, explained that this means the rate will not change regardless of the date on which payments are due, a factor which could be beneficial considering the recent fall in value of sterling against the euro.

"This is a very sensible thing to do, considering the volatility of the pound," he told the news source, adding that there is still "huge interest" in top-end ski property in France, with the average purchase being between EUR400,000 (GBP 357,000) and EUR500,000.

Property Wire recently urged investors to be aware of legislation that could affect property purchases in the France.

Anyone buying a building plot in the country needs to make sure they have a risk plan - which covers issues such as the potential of flooding - for the area, a spokesperson for the Chambres des Notaires de Paris told the news source.