09 March 2011 by J.C. Penny Realty
Orlando Florida real estate agent J.C. Penny, who specializes in Disney area investment property, says that British investment is increasing in the region due in part to a favorable currency exchange rate with the British pound.
Online PR News – 09-March-2011 –Orlando, FL - Orlando Florida real estate agent J.C. Penny, who specializes in Disney area investment property, says that British investment is increasing in the region due in part to a favorable currency exchange rate with the British pound.
He says that the falling dollar in relation to the pound has increased interest in local real estate from overseas buyers because the exchange rate trend means their pounds and euros go further.
“Tourists who visit Disney World on holiday don't have to be currency traders to notice the good property values when buying Orlando real estate. They frequently contact me while they are here to initiate a purchase of a short term rental that they can use themselves and let out the rest of the year.”Penny says that by the time European holiday-goers trade their currency in for the dollar, they are effectively getting a 38% discount on the property transaction. He says that while a lot of locals don't understand how the currency system works, it is actually a simple concept.
"As the dollar's value is decreased by the Federal Reserve's Quantitative Easing, it simply takes more dollars than pounds or euros to buy the same amount of house."
He says this disparity gives the Brits an edge as buyers, because it reduces their real cost as denominated in their currency.
"As good as Orlando property prices are right now, they are even better for the Brits. Thirty eight percent better." GO BACK