Corporate foreign exchange news

Weaker dollar 'creates property opportunities in attractive markets'

Wednesday, 04 August 2010 09:06:13 GMT

Published by Zeb Bham
Investment in property markets in the Caribbean, South America and the UAE has become more attractive during the dollar's slump in global forex trading.
The dollar has been hurt by evidence of a second economic slowdown in the country, while the yen and the Swiss franc have rallied as they emerged as popular haven currencies.
According to Marc Da-Silva, a freelance property journalist and editor of homesoverseas.co.uk, this slump has created exciting opportunities in countries where the domestic currency is aligned with the dollar, such as Barbados.
"It means that a lot of Brits can also buy cheaper properties in other areas as well such as Central America, South America and the Caribbean," he said, adding that the UAE dirham is also aligned to the greenback.
Buying currency at the right time can knock substantial sums off the price of international property, while selecting the right foreign property mortgage can also help to keep overall costs down.
For more information on purchasing currency for regular or one-off payments, visit our Personal FX site
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