the pound sterling
Currency fluctuations are affected by various factors: monetary policy, inflation, consumer confidence, GDP dynamics, and the balance of payments. As a rule, along with the growth of the currency, real estate prices simultaneously rise and profitability decreases (and vice versa).
The devaluation of the national currency means interesting opportunities for foreign property buyers. In markets with a significant share of foreign investors, such conditions can cause a surge in demand and even change the phase of the cycle. Continue reading