{"id":2403,"date":"2017-02-28T07:00:14","date_gmt":"2017-02-28T07:00:14","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=2403"},"modified":"2017-02-28T07:00:14","modified_gmt":"2017-02-28T07:00:14","slug":"brexits-weakening-pound-foreign-property-investors-dream","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-us\/2017\/02\/28\/brexits-weakening-pound-foreign-property-investors-dream\/","title":{"rendered":"Brexit\u2019s weakening of the pound: A foreign property investor\u2019s dream"},"content":{"rendered":"<p><strong>The Sterling\u2019s drop over the last six months has triggered a whole new level of investment from Indians living abroad, as well as Turkish and Middle Eastern investors for London\u2019s big budget properties with a value of \u00a35m or more.<\/strong><\/p>\n<p>Ever since the UK has decided to divorce the EU, the <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/11\/will-sterling-flash-crash-affect-britains-housing-market\/\" target=\"\" rel=\"noopener\">pound has lost<\/a> 18% against the US dollar and 12% against the euro. This decline in value has led to <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/09\/09\/exchange-rate-makes-brexit-bound-uk-property-attractive-foreign-investors\/\" target=\"\" rel=\"noopener\">some significant savings and investment opportunities<\/a> for US dollars investors in London\u2019s property market, the Beauchamp Estates\u2019 2017 Wealth Report has revealed.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"UTjoGuvD96\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/05\/buyers-china-hong-kong-continue-investing-uk-property-despite-brexit\/\">Why buyers from China and Hong Kong continue investing in UK Property &#8211; despite Brexit<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Why buyers from China and Hong Kong continue investing in UK Property &#8211; despite Brexit&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/05\/buyers-china-hong-kong-continue-investing-uk-property-despite-brexit\/embed\/#?secret=72sBS6YJAL#?secret=UTjoGuvD96\" data-secret=\"UTjoGuvD96\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Two years ago, in 2015, the average price of what the report dubs an \u201cultra-prime residential property\u201d in Mayfair was $5,306 per square foot. Currently, the price sits at $4,741 per square foot.<\/p>\n<p>Whilst domestic buyers seem to have taken a backseat when it comes to investing in the UK\u2019s property market, enquiries from American buyers for example increased by 10% and sales by 3%, the report revealed.<\/p>\n<p><strong>The only ones topping this are investors from the Middle East and Asia, which saw an increase in enquiries of 15% and in sales of 10%.<\/strong><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"pNkCDCGkcj\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/02\/01\/swindle-land-research-reveals-amount-gazumping-uk-property-market\/\">Swindle Land: Research reveals amount of gazumping in UK property market<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Swindle Land: Research reveals amount of gazumping in UK property market&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/02\/01\/swindle-land-research-reveals-amount-gazumping-uk-property-market\/embed\/#?secret=PgtXhgmvXk#?secret=pNkCDCGkcj\" data-secret=\"pNkCDCGkcj\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>The one thing the report didn\u2019t look at is how the rest of the country\u2019s market is doing. With only focusing on London\u2019s high-end market, the research doesn\u2019t take into account how other parts of the country &#8211; and <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/02\/20\/uk-property-markets-current-state-overview\/\" target=\"\" rel=\"noopener\">the property market<\/a> &#8211; are being affected.<\/p>\n<p>The UK\u2019s other major cities, like Birmingham, Liverpool and Manchester, are also seeing a rise in foreign, <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/29\/manchesters-attraction-east-chinese-investors\/\" target=\"\" rel=\"noopener\">especially Chinese<\/a>, investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sterling\u2019s drop over the last six months has triggered a whole new level of investment from Indians living abroad, as well as Turkish and Middle Eastern investors for London\u2019s big budget properties with a value of \u00a35m or more. Ever since the UK has decided to divorce the EU, the pound has lost 18%<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-us\/2017\/02\/28\/brexits-weakening-pound-foreign-property-investors-dream\/\" title=\"ReadBrexit\u2019s weakening of the pound: A foreign property investor\u2019s dream\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4487,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[22,210,17,36],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/2403"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/comments?post=2403"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/2403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media\/4487"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media?parent=2403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/categories?post=2403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/tags?post=2403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}