Tonight Programme. - Your Pound Abroad, including property bought abroad

PasturesNew

How it will hit your summer holiday + a look at people who bought abroad.

Er .. also, Martin's on it.

ess0two

Go Turkey,you get more for your pound?????????fluctuations in resort means prices just get put up,hence everything priced on chalkboard for easy changes,lol.

mizzbiz

Yup, go to Istanbul and get a three course meal for a fiver. Go to Marmaris and you'll find it's slightly more than dining in the UK. You have to be very careful in Turkey and barter for all your life's worth.

simpywimpy

Turkey is abou the only place left for good duty free prices although these will be dearer now too.

ManAtHome

Euroland costs are up around 25% from last summer, and who knows, may be down to 10% up (or less) when we get to this summer (still not sure why the euro has held up given the 'club med'/ePIGS problems).
Thought it was all a bit over the top meself, so will carry on doing my bit for the expat bar-owners...

baileysbattlebus

We are off to the US in June, we booked the flights this month. The exchange rate doesn't bother us particularly as the US once you are there is still a fairly reasonably priced destination.

Most of the time we have been to the US (have gone every year for quite a number of years) the exchange rate has not been at the dizzy heights it has been at for the last couple of years. The lowest it has been when we visited was $1.37 /£1. The past couple of years have made it seem like a bargain basement.

We did talk about the drop in sterling against the dollar, but have decided it wouldn't impact our holiday unduly - we probably won't do the amount of shopping that we have done in the past couple of years.

The only thing we will do is book and pay for our accommodation in sterling - we are looking to rent a house on the gulf coast of Florida - last year it was cheaper to book accommodation priced in $'s, this year I am looking at accommodation priced in £'s.

I normally take GS to Europe in the summer holidays - but I am still thinking about that one - because of the exchange rate - it will make most of the Med quite expensive, and I'm not a fan of all inclusive holidays. There are cheap enough holidays - I looked last week and the 2 of us could go in August to Greece for under £700, for both, not each, to a small apt. If I look at it logically the drop in the holiday price from last year will probably offset the exchange rate. But I'm not always logical.

EliteHeat

mizzbiz wrote: »

Yup, go to Istanbul and get a three course meal for a fiver. Go to Marmaris and you'll find it's slightly more than dining in the UK. You have to be very careful in Turkey and barter for all your life's worth.

Call me odd, but, if I go to a restaurant I want to have a meal not an argument.

confused31_2

Ive just seen this what was that about 700 pound per person to got to spain, we are going to ibiza and its cost us 900 pound for 10 days and theres 5 of us.

We was going to go on holiday in england, but at the price we got for ibiza for we had to book it.

Ive just watched this programme and it seems to be encouraging people to go on holiday in england and making out its loads cheaper, when it clearly isnt.

And the expats who paid 300,000 euros for their house and where then moaning they would never get 300,000 euros back., and they would have to hang on until it picks back up.

Surely if they paid in euros, first if all they would have had pounds when the rate was about 1.45euro to the pound

so if they sold up at 200,000 euros they would still have the same amount of money in pounds.

clivep

confused31 wrote: »

And the expats who paid 300,000 euros for their house and where then moaning they would never get 300,000 euros back., and they would have to hang on until it picks back up.

Surely if they paid in euros, first if all they would have had pounds when the rate was about 1.45euro to the pound

so if they sold up at 200,000 euros they would still have the same amount of money in pounds.

Quite agree, even if the property is worth 20% less than what they paid then they've still made a profit in £ terms so no problem returning to UK.Compare that to the plight of someone who bought in UK 2 years ago and you wonder what the couple were so upset about. Seems like sensationalist reporting again without regard to the facts.

mizzbiz

EliteHeat wrote: »

Call me odd, but, if I go to a restaurant I want to have a meal not an argument.

Lol, I didn't mean barter in restaurants. You can't actually do that. I just meant generally to watch what prices they ask of you (for tours, products etc) as in places like Marmaris/Bodrum etc, they match their prices to what a UK person would think was cheap in the UK, not what things actually cost in Turkey. If yo go to Istanbul/Ankara, you pay Turkish prices.

spuds_2

I do feel sorry for pensioners who are struggling, but not so much for the ones who had enough dosh to buy abroad. There are plenty of oap's over here who have no savings and don't own their own home. They have more to worry about than how much a euro is worth compared to last year.