Buying foreign real estate in sterling is too expensive?

[nmb]

After the collapse of sterling against all major currencies over the last 12 months it is difficult to recommend foreign real estate. For example sterling has fallen by around 20% against the dollar - so dollar denominated real estate is now 20% more expensive in sterling terms than last year and that is before any upward movements over this time.

Time to hold off switching your pounds into dollars to buy property?

 

[realdeals]

Wait for sterling to recover - hopefully - or at least until we know how Brexit is going to pan out.

 

[zivakrealtygroup]

Yes, as you compare real estate with the sterling is expensive.