PROPERTY SEARCH

Country: Price (min): Price (max): Location i.e. Costa Del Sol: Type of property: Bedrooms (min): Bathrooms (min):

Homes Go Fast

Free News By Email

Subcribe to property news

Enter your Email

Preview | Powered by FeedBlitz

Property Sales Enquiry Line

For UK Residents call free on:

0800 043 00 96

For visitors out of the UK call:

+44 207 099 33 92

*property references are required

Overseas property news

We are dedicated to bringing the best and most up to date overseas property news to you daily, why not sign up for news alerts by email.

Pound Hits Resistance as Exchange Rates Falter

High Profile Events in the Algarve Portugal

Mexico Food Festival Coming

Egyptian Tourism Revenue 2009

Promenada in Warsaw to Expand

Boxxet Network

blogarama.com

Homes Go Fast

Sterling The US Dollar & property investors

Overseas property investors have been paying particular attention to the latest development in the currency markets. The smallest fluctuations in the money markets can make a huge difference to the price of a property abroad and requires careful planning with a specialist broker. Moneycorp offer investors a daily brief to help them keep up to date with the foreign exchange markets.

Moneycorp report that US real estate is looking extremely attractive to UK buyers where Sterling has been outshining the UD Dollar. Two positive house price reports and first quarter UK economic growth at twice the speed of the States were not enough to allay fears that investors had taken Sterling as far as they were able on the back of the currently available information. Sterling had a busy week trying to maintain its position above $2.00. On Wednesday it set off to have another look at $2.01 but could not get within 30 ticks. On Thursday it half-heartedly tried again before tumbling to $1.99. It dipped below that level early on Friday morning before pulling itself briefly back up above $2.00. Another fall followed and this Monday morning it was back down at $1.99.

The US economy found it difficult to deliver any superior data last week but the Dollar was not unduly worried. Existing (as opposed to new) home sales took their biggest monthly turnover hit for 18 years. First quarter economic growth came in at an annualised 1.3 per cent, a half percentage point slower than the economists' already dreary forecast. Durable goods orders were strong enough at the headline level but the bulk of the improvement was down to a healthy order book at Boeing. So it was not the economic data that kept the Dollar afloat, it was a nagging worry that the currency had been sold beyond the levels justified by weak fundamentals. On Thursday and again on Friday the Dollar rallied simply because it could be pushed no lower.

Last week's consolidation was not entirely a surprise after two weeks' almost unbroken bull run. Sterling could have further gains in store but its immediate challenge is to offer a new incentive for investors.

So what to do?
If all goes according to plan the Pound will recover and build upon its position above $2. Buyers of the Dollar should nevertheless exercise caution by covering some of their requirement now, while Sterling is close to its highest level for a generation.

Take the uncertainty away with Currency Specialist
You do not have to be at the mercy of the money markets or the banks. Find you the best exchange rates available to make your currency transaction as smooth as possible - and save you both time and money.

Free Currency Consultation

Overseas Property For Sale in United States

United States

GBP 1,500,000

SOUTHERN CALIFORNIA ESTATE SALE-LEASEBACK

United States

USD 1,800,000

LUXURY PROPERTY FOPR SALE KISSIMME

United States

GBP 47,000

Affordable Florida property near

United States

GBP 99,400

Company: Urich Realty You are

United States

GBP 154,693

Your home In Kissimmee Florida

United States

USD 3,680,000

Between 31st and 32nd street,

United States

GBP 2,418,062

A rare opportunity to purchase

United States

GBP 87,500

Nestled amongst a beautifully

Other Overseas Property Destinations...

Spain France Portugal Turkey Bulgaria Cyprus Italy United States Greece Malta Egypt Dubai Brazil Cape Verde Hungary Croatia Thailand Germany Poland Morocco

Find overseas property

Real estate guides, luxury homes, property news, investment properties, real estate agents & advice for buying property abroad.

Africa and the Middle East

Americas

Bahrain	Cape Verde	Dubai	Egypt	Argentina	Belize	Brazil	Canada
Gambia	Jordan	Mauritius	Morocco	Costa Rica	Mexico	Nicaragua	Panama
Qatar	Saudi	South Africa	Tunisia	Paraguay	Uruguay	Venezuela	USA

Asia Pacific

Caribbean

Australia	Cambodia	Fiji	India	Antigua	Anguilla	Barbados	Bahamas
Indonesia	Japan	Malaysia	New Zealand	Caymans	Dom Repub	Grenada	Guadeloupe
Philippines	Thailand			Jamaica	Antilles	St Kitts	St Vincent
				St Lucia	Turks Caicos	Trinidad	Virgin islands

Central and Eastern Europe

Western Europe

Albania	Bulgaria	Croatia	Czech Rep	Austria	Cyprus	Finland	France
Estonia	Hungary	Latvia	Lithuania	Germany	Gibraltar	Greece	Malta
Poland	Montenegro	Romania	Slovakia	Netherlands	Italy	Ireland	Portugal
Slovenia	Turkey	Ukraine		Spain	Sweden	Switzerland	UK