Can you guess how much this characterful property in the southern Italian region of Puglia costs?

The truth is, for too many British people it’s impossible to say. Why? Because fluctuating exchange rates mean typical buyers from the UK don’t know until the day they make a currency transfer how many pounds they’ll need to exchange to meet the agreed local price of their property.

The current asking price of this beautifully restored two-bedroom trullo – a type of conical, stone property unique to Puglia – which comes with a small productive vineyard and olive grove is a tempting €160,000 (for more details contact OGC on 0207 898 0549).

But the table below demonstrates how the actual price in Sterling to British buyers fluctuated over the space of just a month thanks to nothing more than exchange rate movements. The result was by a hefty £1,141 – more than enough to cover the legal fees for purchasing this desirable property!

Date	Smart £/€ rate	Property price
June 11	1.2309	£129,986
June 4	1.2317	£129,902
May 28	1.2415	£128,876
May 21	1.2307	£130,007
May 14	1.2416	£128,866

For details of properties for sale in Puglia, or all property for sale in Italy, visit the Italy listings on Rightmove Overseas.

Do you want to eliminate the uncertainty of what an overseas property could cost you, due to fluctuating exchange rates? Using Smart Currency Exchange to make all your currency transfers is the first step to making your pounds go further when buying abroad – thanks to their bank-beating exchange rates. Speak to them today though and they’ll reveal how a forward contract could help you fix the cost of your overseas home in pounds, before you have to pay for it in a foreign currency. Visit the Currency Zone for more details.

To understand the full step-by-step process to buying a property in Italy, collect The Overseas Guides Company’s ‘Italy Property Buying Guide’