Monday, January 26, 2009

Weak Sterling Makes UK Property Cheap for Overseas Investors

Savills produced the following research.

The figures below show the change in the average price of prime central London property from the September 2007 peak to January 2009 adjusted for currency fluctuations.

Sterling = -19.9%
Euro = -42.2%
Dollar = -43.5%
Yen = -55.5%
Swiss Franc = -48.5%
Eqyptian Pound = -44.1%

If you get paid in Yen, I would take it to London and buy a house.

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