Foreign Currency Exchange

When buying property in Berlin it is essential you use a reliable foreign currency exchange specialist that can help you when converting your own currency into Euros. A currency specialist should be able to assist you in any business/commercial international transfers. You purchase of your property in Berlin will more often than not be completed in Euros.

ESCAPE CURRENCY PLC

• Our partner Escape Currency Plc has years of experience as is one of the leading currency exchange specialists in the world.

• They help thousands people buy and sell currency annually.

• last year they advised and executed over 20 billion GBP in foreign exchanges.

• Escape Currency Plc is a member of the Association of International Property Professionals (AIPP) which was set up to help regulate & guide the international property market

•They have excellent knowledge of the Berlin property market and German speaking staff.

• Escape Currency Plc use segregated client accounts with NatWest Bank Plc ensureing the safety of your money.

• They help thousands of people buy and sell over 30 different currencies annually.

• They offer no fees, and no commission.

• They can guarantee FX commercial rates for today and for up to 18 months in the future.

• They can also assist in regular on-going international currency transfers, for example payment of a mortgage or pension.

Using a expert foreign currency exchange specialists like our partners Escape Currency Plc will certainly save you money in the long run. Take this example below.
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(For example purposes 1GBP = 1.185 Euros (12/06/2009))
• If you decide to buy a property in Berlin for 150,000 Euros.

• And you then decide you wish to pay 50% cash, & 50% German mortgage.

• Your 50% Cash(GBP) must equal 75,000 Euros

You could transfer your GBP through your local bank over to Germany to complete the purchase. However it is most likely the bank will not be able to provide you with the best exchange rate.

• For example they might provide you with 1GBP = 1.10 Euros rate
.
• 68,182 GBP = 75,000 Euros (Using example exchange rate of 1 GBP : 1.1 EURO Bank’s exchange rate)

Escpape Currency Plc are much more likely to get a better exchange rate for you much closer the real value of 1 GBP = 1.185 Euros. More likely they could provide you with 1 GBP = 1.18.
• 63,559 GBP = 75,000 Euros (Using example exchange rate of 1 GBP : 1.18 Euro Base rate)

As you can see using the bank you will have spent 68,182 GBP to buy 75,000 Euros. Using a international foreign currency specialist like Escape Currency Plc 75,000 would have cost you 63,559 in this example you would have saved over to 4,500 GBP by just deciding to use an expert foreign exchange specialist like Escape Currency Plc to assist you in your property purchase in Berlin.

Nicky Petrou (Sales and Marketing Manager at Escape Currency Plc)

As former resident of Berlin I know the market very well.  I am fluent in German, a Berlin property owner myself and can see the huge potential for capital growth and understand the importance of protecting yourself against currency exposure”

For further information about currency exchange please send an email to currencyexchange@berlinproperty.co.uk and an expert member of the BerlinProperty.co.uk team will be in touch shortly.