30/05/2008

Brits more keen than ever to buy abroad

Despite the credit crunch, in the last month (April/May) currency specialist FC Exchange has signed up more people who are planning to buy an overseas property than in any single month in the past 12 months.

“There are a number of reasons that could explain why people are more prepared to invest their money overseas.  These include – a reluctance of many to invest in the UK property market as prices start to drop, or first time buyers who are still determined to get on the property ladder...as representing more opportunity for growth and better value for money” said Nick Fullerton, MD of FC Exchange. For further details see www.fcexchange.co.uk.

We watch with interest to see if international movers also follow this trend.  See the summer issue for the latest on the Non Dom situation.

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