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BTL Question

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    BTL Question

    with the pound falling like a stone,

    and uk house prices stagnating

    the houses are still expensive for the locals

    but the houses are becoming cheaper for foreigners
    in currencies against which the pound is falling - eg Euro

    therefore,

    giving consideration to this phenomenen

    might there be a spurt of eurozone buyers moving into the uk property market


    if so, uk property holders are laughing


    boomed

    what does the jury think ?

    Milan.

    #2
    Hey not seen the pound drop like this since 1992 I reckon there's a fair way to go as well.

    Over 10% wiped off in the last few months. At this rate houses will correct simply through the pound.

    Actually this is the better solution.
    I'm alright Jack

    Comment


      #3
      Hasn't most of the eurozone moved here already?

      Comment


        #4
        taking punts on fx rates is always a very risky affair unless you know what you are doing.

        Comment


          #5
          blaster,

          you're right, for those of us in the Eurozone UK house prices have fallen 10% in the last few months

          uk property market could become very interesting for european speculators, same was as the US has been interesting for UK buyers for the last few years

          Milan.

          Comment


            #6
            Originally posted by milanbenes View Post
            blaster,

            you're right, for those of us in the Eurozone UK house prices have fallen 10% in the last few months

            uk property market could become very interesting for european speculators, same was as the US has been interesting for UK buyers for the last few years

            Milan.
            UK rates/salaries have also just fallen 10% for european workers.

            Comment


              #7
              I refer you to my previous posting on this: look forward to holidays in Skegness and Bognor.

              Comment


                #8
                Originally posted by rootsnall View Post
                UK rates/salaries have also just fallen 10% for european workers.
                ..and European rates and salaries for UK workers in the EU have risen 10%, and their EUR savings are also worth a lot more pound per Euro
                I'm alright Jack

                Comment


                  #9
                  Downward spiral

                  I think the BoE is following the US model of a weak currency to aid recovery. This is too risky, as it will cause higher inflation which will in turn keep interest rates high which may prolong the recession

                  Comment


                    #10
                    Originally posted by milanbenes View Post
                    might there be a spurt of eurozone buyers moving into the uk property market
                    If they prefer to rent in Europe, why would they buy in UK? It's not like quality of life here is best in Europe.

                    Prices are going down big time. Boomed!

                    Comment

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