Will currency gains attract overseas investors to UK property?

[Nicholas Wallwork]

Since the UK government floated the idea of a referendum on membership of the European Union there has been growing concern in investment markets. Over the last few weeks we have seen a significant fall in sterling exchange rates with the dollar rate dipping to under 1.40 earlier this week. The ongoing pressure on sterling

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The key is whether currency benefits will more than offset the risks associated with the UK economy and property market in light of the forthcoming European Union membership referendum. There is so much uncertainty at the moment it is difficult to say which way investors will go.