At this time of the year, it isn’t great for our trips abroad but it is amazing news for business growth opportunities, especially in the property sector.
The London property market is one of the largest and strongest property markets in the world. In recent years (last 5-8), investment from overseas buyers has strengthened the market making it difficult for genuine home buyers to have a say.
However, in the last couple of years, overseas investment (into prime London Property) has stagnated which has had a huge effect on the Capital’s property market. With a number of investors seeking for higher returns outside of the Capital, this news will certainly assist in attracting more overseas buyers to the London market once again as they will now ‘get more for their money’.
Even before the currency shift, we already have one of the best investment markets in the world based on rental yields achievable with such a high demand for rental properties.
The GBP will recover which means investors wealth in their own currency will increase, alongside the return they are getting throughout the period of the time taken for the GBP to recover.