According to the latest figures from premier Estate Agent Hamptons International, Prime Central London property currently offers international investors impressive value for money especially due to positive current exchange rates in favour of the overseas buyer*.
Those buying in Singaporean Dollars will benefit from a 27 per cent discount* closely followed by the Malaysian Ringgit at a 24 per cent discount. The US Dollar, of which many currencies are pegged to – such as the UAE Dirham and Hong Kong Dollar, offers investors a 19 per cent discount.
Andrew Phillips, Head of Central London Sales, says: “Now is a great time for International investors to buy in Prime Central London and there are certainly some great deals to be had. With the British Pound weakening we are confident that we’ll see an increase in buyers from certain countries that are keen to capitalize on this fiscal advantage and the long term capital growth in London Real Estate. If the British Pound continues to drop, it will undoubtedly create increased competition for global investment in Prime UK property. At some point the Pound will strengthen and this is a window of opportunity not to be missed.”
Note to editors:
*Data is taken from Bank of England Spot Exchange Rates (monthly average) as of January 2013 and the Land Registry
For media enquiries please contact:
Henrietta Harwood-Smith, PR Manager, Hamptons International
020 7758 8405 /firstname.lastname@example.org