Bargains for American investors
The latest Coutts Prime Property Index paints a grim picture for potential vendors in the prime sector (houses worth £1m to £10m)… an average six month wait to shift a home, inevitable discounts of an average of 13%, rising to an astonishing 21% in the £10m+ super prime sector. But if you happen to be cash-rich and that cash is of the dollar variety, you might be considering a spree. Take into account the weak pound and American buyers can expect discounts of as much as 40% on 2014 prices. Prices are down 2.9% on the first quarter, 2018. Go here for the full report.