22nd December 2008

Well, for some, it's au revoir. Unbelievably, a retreat from the French idyll is under way as a plunging pound sends Britons dashing back across the Channel.
When Mandy O’Sullivan and her husband Richard bought a stone farmhouse in Eymet 5 years ago, they thought it was for good. They sold their house in Kent and spent heavily on restoring their new home. “When we started out here, the euro was 1.50 to the pound, now it’s down to 1.07. When you’re on a pension, it’s frightening. The cost of living has shot up in France, for things like food and utilities,” she said. “Our electricity bill is up 45% over the past year.”
Sidney Wynn-Simmonds, 73, another British resident of Eymet, said: “Our pensions have dropped in value by a third. "We don’t have aperitifs, only from time to time.” Shame! However, as in the UK, all are finding it difficult to sell their homes in a falling market. And just how do these people think they can get back on the British housing ladder? Or maybe they were never really dedicated and kept their English house 'just in case'?
So, what does all this tell you? Don't emigrate on a whim. All places have their downsides. The trick is to maximise those things in life that are important to you, and learn to deal with the difficulties.
And my economical advice to those still contemplating coming to live here? You need a basic 1000 euros a month. More - and it's paradise, less and you'll struggle. It's as simple as that.

1 comment:

SueC said...

I enjoyed reading this
We have been watching the downs and downs of the pound against the euro over the last weeks and ever so slightly wavering over whether we will be able to make it happen.But as TC says there is no plan B - we NEED to live this dream and we will just have to enjoy helping someone out over the cost of their aperitives and buy somewhere at a great price. In the meantime TC will continue to work to fill the piggy bank (best place we feel)