Dubai & Caribbean property cheaper on the back of weak US dollar

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Investors are benefiting from cheaper purchase prices and capital gains on an overseas property due to the recent decline in the strength of the US Dollar against the Euro and the Pound.

Overseas property investors are in a potentially ‘win win’ situation when buying property abroad – and this is not confined to solely the US housing market.

A small group of countries such as Dubai and the Caribbean have pegged their currencies to the greenback and can reap fantastic value when buying international properties.

With costs of living substantially lower than the UK, top notch services and facilities Dubai and the Caribbean can offer outstanding value for your pound over current England prices, particularly for buyers looking to expand to a second home.

Tip: With some off-plan properties taking around two years to complete it is well advised to fix the exchange rate. By fixing the rate, you can ensure that not only will you be sure to get a great rate when starting the buying process, but you will also be able to have the same great rates when paying the final amounts upon completion.