Friday, December 19, 2008
Optimistism from Winkworths – if you are a foreign buyer
"Coupled with this, as interest rates fall and Government borrowing increases, sterling will fall, making already low property prices even more attractive to overseas buyers."........"Secondly, confidence is creeping back as buyers realise that they can get a property 2 per cent cheaper than summer 2007, and at these prices, the future effects of the recession are already 'priced in' to the market.".....Ian Fraser, Franchisee at Winkworth in Islington. Now how will they buy if their own economies are tanking????.....and I hope that is a typo!!!!!!!!!!.......and "already 'priced-in', interesting idea, in the same way that BoE rate cuts are 'already 'priced-in' to the exchange rate!!!!!!!????..'cos that's stopped the fall.