it is a win-win for non-UK investors as Brexit creates a buoyant market place. The pound's slump is having a propelling effect on other currencies and boosting spending for the astute investor.
Will the trend continue post article 50?
The auctioneers said the pound's slump has attracted more opportunistic overseas buyers, with investors from Hong Kong, China and South Africa taking the place of Greeks and Italians who bought UK real estate during the euro zone crisis four years ago. Some bidders were spurred on by the pound's fall of around 19 percent against the Hong Kong dollar GBPHKD=R and the rand GBPZAR=R since the referendum, including 3-4 percent falls in the week running up to the sales.