Monday, May 25, 2009
Time to buy that place in the sun?
Financial Times: Property price fall lures investors to Europe
Sharp price falls in European property hotspots and a gradual strengthening of the pound are luring cash-rich UK investors back to the continental mainland just in time for summer.Foreign exchange providers and estate agents are reporting revived interest from cash-rich Britons looking to snap up holiday homes in popular locations across France, Spain, Italy and Portugal.
Posted by live4ever @ 07:39 AM (537 views) Add Comment
2 Comments
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1. rm96696 said...
Probably they want to unload their pounds before they become worthless
2. mander said...
Speculators with new printed money ( as there are no cash rich ) are set to create a housing shortage in Europe. Working people opinion is not to be considered with regards to house price increases in the last 10 years. Working people are not that inteligent they are just sub-prime.