Weak Pound makes UK Top Overseas Property Destination

The pound has been falling against the US Dollar and the Euro recently, this means that UK residents may find it more expensive to buy anything in abroad. However, on the other side of the Channel Europeans find themselves in the position where the low property prices in the UK and the high value of the Euro against the pound could be an attractive proposition.

The word parity is being talked of, which is the point where the pound and the Euro are equal in value at this point Europeans could be looking at a nice return for their money by investing in the UK property market next year. This is because it is the opinion of the experts that 2010 could be the turnaround point for the property market.

Once the market begins to swing in the other direction, then anyone who has invested in it will be seeing some fantastic returns on their initial investments. This makes the UK a very interesting place to look at for property investment especially as there are some predictions that the market is set to fall a further fifteen to thirty per cent during 2009.