Most G20 countries have seen property prices become discounted since last year’s referendum
Weaker Sterling and modest fall in the value of UK property have seen demand from international buyers surge, according to new figures.
The UK property market is now at its most affordable for foreign investors since October, as the value of sterling fell ahead of Theresa May’s Brexit speech later on today.
UK Prime Minister, Theresa May, has said she will trigger article 50, the clause that needs to be activated to start the process to leave the EU, by the end of March 2017.
The value of Sterling rallied today after Theresa May entered 10 Downing Street earlier today as the new Prime Minster of the United Kingdom.
As the majority of the UK voted to leave the European Union in Thursday's EU referendum, causing the value of the Sterling to decline, experts expect a rise in foreign investment as overseas buyers seek to capitalise on cheaper exchange rates.
Following one of the most historic campaigns in British history, the citizens of the UK have elected to leave the European Union.