Expat Network: 25 Years of Excellence Serving the Expatriate Community.

 

With Weak Pound, Expats Are Keeping The Rural Property Market Alive

Hugh Graham writing in The Sunday Times sets out how the weakness in the sterling rate as a result of Brexit is enabling expats to snap up bargains and buy their dream home in the country back in the UK. 

The statistics support the anecdotal evidence that this is having an impact on the market.

 

This sponsored article is published in full here: www.thetimes.co.uk/article/by-taking-advantage-of-the-weak-pound-expats-are-keeping-the-rural-property-market-alive

 

The downward spiral of the pound may be a thorn in the side of British holidaymakers, but it’s blooming good news for UK nationals who live abroad, earn in foreign currency and are snapping up their forever England home now.

“Expats are what’s keeping our market alive,” says James Mackenzie, head of Strutt & Parker estate agency’s country department. “There are far fewer London-based Brits moving to the country. The last six houses within a 20-mile radius of Bath have gone under offer to or been sold to expats.”

Some intend to let their new British home before returning; others are using them for holidays, so they can establish ties before coming back for good. Most are based in Asia — Singapore, Hong Kong, China, Malaysia.…Read more

 

ExpatNetwork - Latest Articles - News

Greenback Tax Webinar:  Expat Tax Fact Check – Facts and Fict…

Greenback Expat Tax Services is hosting their latest webinar on July 24th   This is a FREE, live, interactive webinar for US expats who may have missed the June 15th deadline! Join host David McKeegan, Co-Founder of Greenback and one of Greenback’s expat–specialist accountants to...

Read More

Travel Insurance For Expats: Is It What You Really Need?

If there’s one thing that expats around the world do, it’s travel. This may seem like a really obvious statement, seeing as how a person has to travel in order to become an expat, but one doesn’t have to be a genius to look at...

Sponsored

Read More

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close