PARIS Real Estate Finders (PREF)

Save Money on Currency Transactions

See how your currency is doing vis a vis the European EURO and vice versa.

The Universal Currency Converter shows you the “spot” market for the EURO.

• When the black line rises the, EURO is stronger; when the black line falls the Dollar is stronger.
• When the purple line rises, the S&P 500 (mid-cap stocks) is appreciating in value; when the purple line falls S&P 500 stocks are losing value.
• Property owners from non-Euro based countries become de facto "currency speculators" when they buy property in Euro-based France.
• If you bought in the middle of 2001 the EUR and the USD looked pretty much the same; in the 7+ years since the EUR has dominated the USD to the benefit of property holders in France (and that is just the currency effect -- in Paris, properties APPRECIATED in addition about 1% per month for more than 6 years!)
  CONCLUSION: owning a property in Paris in recent years has been a phenomenal investment because of positive currency changes AND direct property appreciation; an additional intangible benefit accrues to buyers who diversify their currency risk across both their home currency and the EUR.