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International Property Investors Look to Capitalise on Recovering Sterling

Property investors from around the world are looking to capitalise on a favourable pound sterling exchange rate, following market reaction to the upcoming European Union referendum in the UK.

International Investment Capitalise on Sterling

Property investors from around the world are looking to capitalise on a favourable pound sterling exchange rate, following market reaction to the upcoming European Union referendum in the UK.

The value of sterling fell last week following David Cameron’s announcement that there would be a referendum held on June 23rd 2016, where the general public will be able to cast their vote to decide upon the future of the United Kingdom’s role within the European community.


The pound fell against a range of international currencies including the Euro, the United States Dollar, the Chinese Yuan and the United Arab Emirates Dirham, which is allowing property investors from these regions to benefit within the UK property market.


Beyond the currently favourable exchange rate, international purchasers are also profiting from the sustained growth within the property investment sector, with house prices continuing to increase across the majority of the UK.


The Royal Institute for Chartered Surveyors (RICS) predicted in December that 2016 would see a 6% increase in property values on average across the UK, with Post Office Money now reporting that property is now earning most owner occupiers more money than their annual salary.


Market analysts are anticipating that the sterling will correct and return to a more competitive exchange rate in the coming weeks, with the pound having experienced 7 consecutive days of growth since February 24th.

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