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    Home > News > Fall in Sterling drives Property interest from Investors

    Fall in Sterling drives Property interest from Investors

    Tuesday, April 7, 2020

    Brexit and the consequent drop in £ Sterling value has been well documented in these columns and elsewhere.

    Viewing current drops which have come on top of the Brexit related Sterling collapse, creates a massive opportunity for property investors.

    Let’s quickly examine why £ Sterling has dropped from 1.31 to 1.15 to the US dollar in the last ten days.

    UK is a net importer and this collapse is almost the same as happened in 2008/2009 from which there was a steady recovery.

    The continual current account deficit in UK due to larger imports than exports is normally covered by a flow of investor cash coming into UK’s financial system.

    People worldwide are now grabbing hold of cash due to the Coronavirus scare and that is exposing the export deficit and creating an equally rapid drop in currency value.

    This has happened very quickly and while there is still some downside, we are now at 1985 currency levels.

    The upside potential in £ Sterling by the end of the year once Coronavirus issues dissipate, has now become substantial.

    For those seeking the long-term security of a robust property investment to counter the current investment scenario, the timing could not be better. It is now that we should be buying London property.

    To view new GIHLondon projects, view www.gihlondon.com

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    Rising UK Property Prices Seen in the Last 8 Months

    Tuesday, November 7, 2017

    Properties in the UK has steadily risen over the past 8 months according to Britain’s mortgage lenders. See full story here.

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