£ British Pound Sterling Flash Crash- Great Time for Foreign Real Estate Investors?
Early this morning the £ British Pound Sterling experienced a flash crash. Is this a buying opportunity for foreign real estate investors? Basically if you are a US based real estate investors you have gotten a 6% discount on UK property since Brexit. If you a Saudi investor ( actually we have a couple of them) where else can you safely place your wealth when the Saudi stock market is imploding as well as the currency?
In Saudi Arabia pensions and salaries are getting cut. Scary times! What about the rest of the world? The stock market has been artificially put on life support via government infusions of cheap money and negative interest rates. Myself and my JV partners put our money where our mouth is, we are buying…we are refurbishing…we are creating value…we are creating cash flow. We specialize in Professional HMOs in Salford, Manchester as well as Social housing HMOs. These are high yielding and even in a bad economy it is an inexpensive way to live.
With all the uncertainty in the world….FDR’s statement resonates with me..
“Real Estate cannot be lost or stolen, nor can it be taken away. Purchased with common sense, paid for in full, and managed with reasonable care, it’s the safest investment in the world.”
Franklin D. Roosevelt