• Friday, December 09, 2022

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Foreign investors eye UK property after Brexit’s sterling fall

LONDON CALLING: Pound fall makes capital more affordable to long-term foreign investors

By: Eastern Eye Staff

WITH property prices in Britain predicted to plummet post Brexit, foreign investors, especially in Asia, are already poised for a buying spree. Property sales are also expected to be hit in the aftermath of last Thursday’s (23) vote to leave the European Union (EU), with reports of buyers pulling out due to market uncertainty. But while some foreign investors are cautious, others want to snap up bar- gains while the exchange rate is low. “Several of my opportunistic investors have said we really ought to think about this seriously, and to think whether we should take advantage of this new…

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