Time to buy UK prop­erty

7 Days in Dubai - - BUSINESS -

Since the UK voted to leave the Euro­pean Union it has been a tu­mul­tuous pe­riod for the Bri­tish pound – more so this week since it was an­nounced that Ar­ti­cle 50 would be trig­gered in March 2017. With the pound drop­ping to a 31-year low it is bad news for Brits, but for for­eign in­vestors and ex­pats now could be the time to in­vest in Bri­tish prop­erty ac­cord­ing to some fi­nan­cial ex­perts. Neil Ste­wart, Se­nior Fi­nan­cial Plan­ner at Guardian Wealth Man­age­ment, said: “This is an op­por­tunis­tic time for those be­ing paid in US dol­lar-pegged cur­ren­cies such as the dirham to in­vest in Bri­tish en­ti­ties as they will re­ceive much more for their money than be­fore. “Ad­di­tion­ally, UK as­sets have sud­denly be­come a lot cheaper mean­ing greater pur­chas­ing power.”

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