The widely held view that the drop in the pound is the primary factor propping up demand for UK property among overseas buyers is not wrong – but it is too simplistic. The fall in sterling will have played a role at the margins. But the strength of overseas demand primarily reflects the fact that overseas buyers still believe the UK’s economic and property market fundamentals are sound.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services