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Caribbean properties are often priced in US$

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Rain, rain? Then go away! - 6 July 2007

Floods, rain, giant hailstones. It must be summer in the UK… While the schedulers at Wimbledon struggle just to get the tournament finished within the allotted two-week period, parts of the UK are still under water after last week’s disastrous flooding.

If ever there has been a perfect time to look for that property in some sun-kissed corner of the globe, then this is it. Over and above the weather (it will change eventually…), Sterling is once again approaching its strongest position against the US Dollar, opening up a range of different markets, and allowing investors to take advantage while the going is good.

The exchange rate against the US Dollar is fantastic for buying property in Florida, or elsewhere in the States, but there are other markets where you can profit equally. Many of the properties available in the Caribbean are priced in US Dollars, making them cheaper to the UK buyer from the outset. The same situation is true of certain developments in Central and South America, as well as in some parts of the Middle East. In this way, a top-end apartment in Dubai could become much less expensive.

Unless, of course, the feeling of Wellington boots against your toes instead of the feeling of gentle, lapping waves is your preference…

 

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