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Spanish Real Estate forum - Spanish property - Estate agents » International Real Estate talk » Buying and selling property worldwide » UK Expats Reap Cashback Rewards As Pound Plummets

Buying and selling property worldwide Section for buying and selling information worldwide... Share your personal experiences and opinions, any information that would help others buying and selling property throughout the world.

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Old 10-27-2008, 10:25 AM   #1 (permalink)
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Default UK Expats Reap Cashback Rewards As Pound Plummets
The British pound has fallen to its lowest level against the dollar in more than five years. British expats remitting cash back to the UK are getting 23 percent more for their money compared to November last year when sterling hit a 26-year high against the US dollar.

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Old 10-27-2008, 11:51 AM   #2 (permalink)
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but that is not good for us here unfortunately. good for people that are moving back to the uk as they will recieve more money from their house sale than they would have done a couple of months ago. it maybe stopping potential buyers now from leaving briton to move to spain. i am hopeing that the pound moves up again.
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