Slump in sterling offers opportunity for overseas property investors

[Nicholas Wallwork]

If we take a look at the UK property market from a distance it does look as though foreign investors are buying for the sake of it with valuations stretched in some areas of the country. However, this does not take account of the ongoing slump in sterling caused by uncertainty head of the EU

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[nmb]

I suppose the question is whether the reduction in demand for UK property among domestic investors would in some way be offset by increased demand from overseas investors who would benefit from weakness in sterling. Is it really this simple? I am not sure as there are other factors to consider such as the economy.