January 7, 2009
UK Property Investment - Foreign Buyers Enter The UK Market In Force
Weak sterling and recent UK house price falls have made property investment in the UK extremely attractive for overseas buyers.
Buyer analysis conducted by home.co.uk saw a marked increase in buyers from the US, Holland, Switzerland, Singapore and Austria looking to invest in property in the UK.
The number of US buyers using the home.co.uk search engine surged by 10% between October and November.
The combination of a the falling £ and house prices make UK properties approximately 30% cheaper than they were in July 08.
The Euro has significantly strengthened against the £ in the last few months which has increased buyer interest from Eurozone economies. Many Eurozone areas have increased their interest by 30%+ (Switzerland 47% and Austria 188%)
