Menu Close

Weak Pound Lifts London Property

/ 19 March 2013

‘According to a new study by Rightmove, the drop in the value of the pound has given the central London property market a boost at the start of the spring buying season.

Sterling has fallen by about 7% since the start of the year, making London property far more affordable to wealthy foreign buyers with dollars, euros or Chinese Yuan.

Across London, average asking prices are 1.9% higher than in February, at £496,298, and 9% higher than last year.’

Source: Evening Standard