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American homebuyers are finding UK bargains, discounted by a weaker pound

Por: CNBC Business October 01, 2022

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Street in Chelsea district, LondonAlexander Spatari Moment Getty ImagesAmerican homebuyers are searching for bargains in the U.K., as a weaker pound contributes to double-digit price cuts.The fall in the British currency, which is off 17.5% against the U.S. dollar year to date, has made U.K. real estate cheaper for buyers paying in U.S. dollars. Prices in London are down nearly 20% over the past year on price declines and currency impact,... + full article



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