The dollar fell to record lows against the euro and several major currencies with news of a US Federal Reserve interest rate cut plus record oil prices approaching $100 a barrel.
Several of our clients are now benefiting from the weak dollar and strong sterling; with Florida sale prices in certain instances already substantially well below "market value" (upwards to 40% below the price of 3 years ago) plus the current exchange rate possibilities (an exchange rate of 2.06 has recently been achieved), this really is the time to buy !
The tide is turning! We are experiencing a trend that sees droves of experienced UK property investors turning their backs on UK property investment and they are looking further afield to places such as Florida, Panama and Turkey......
In the UK we understand the Nationwide building society's October house price index is expected to show the rate of increase in UK property sales slowing to 0.3 percent on the month and 8.6 percent on the year.
Several of our clients are now benefiting from the weak dollar and strong sterling; with Florida sale prices in certain instances already substantially well below "market value" (upwards to 40% below the price of 3 years ago) plus the current exchange rate possibilities (an exchange rate of 2.06 has recently been achieved), this really is the time to buy !
The tide is turning! We are experiencing a trend that sees droves of experienced UK property investors turning their backs on UK property investment and they are looking further afield to places such as Florida, Panama and Turkey......
In the UK we understand the Nationwide building society's October house price index is expected to show the rate of increase in UK property sales slowing to 0.3 percent on the month and 8.6 percent on the year.
