Well, if you are thinking of putting your property on the market and you are from the UK then "Yes" is the answer. A friend of mine who owns a townhouse in Pera has a neighbour who purchased his property 3 years ago for €235,000 and has just sold it for €225,000 through www.aplnet.co.uk.Now you may be thinking "That's lost money?" Well under normal circumstances you would be right but these are not normal times as 3 years ago when the owner purchased they got an exchange rate of €1.53 to the £1 so in sterling they paid around £154,000.
Today they changed the money through FC Exchange and received just over £215,000 with an exchange rate of 1 EUR = 0.956749 GBP and the best part is that they are not eligible for Capitol Gains Tax.
So if you set your price based on Sterling you maybe on to a winner and make a profit of £61,000.
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