Kneon Light
Well-known member
- Thread starter
- #41
Good luck, at least you know it's probably not permenant. My wife is Irish, she and I decided to sell up and settle in Ireland, we bought a new build 4 bedroom 3 reception room bungalow on a half acre of land, moved over in November 2015 expecting to stay forever but with the disaster (for me) Brexit vote and the constant news items from the moment we left on what a leave vote would mean for retirement and pensions and would they be honoured, health care costs due to no longer being in the EU etc etc, I almost had a breakdown, we managed to sell the property for a small profit though this was really a loss overall as the new build didn't come with a kitchen or utility room completed, just empty rooms and all the flooring to be bought and laid, fortunately I had managed to change up all my cash through a currency exchange company and did this at the top of the market €1.42 to £1.00 and when I changed back to sterling I bought for €1.20 on the Friday after the vote, this was a mistake as I panicked and the rate went down to €1.10 the following Monday but the money we made on the exchange meant we ended up breaking even but of course property prices had increased back in Brighton so had to purchase in Eastbourne as we were both not in the best of health and needed to keep back enough to live on until I retired and I could claim my company and state pensions, my wife unfortunately is one of the waspi women and her originally expected retirement age increased from 60 to 66 luckily my pensions are enough for us to live on until she receives her state pension in another 2 or 3 years time. My advice now is if you own a property rent it out until you are sure it's the right move for you. ( so wish this is what I had done) hope your move is a success. Best of luck.
Thanks for that.
We are renting our house while we are away