Currency changes lead to increase in interest in US property

The US property market has been benefiting from an increase in the strength of sterling, with investors looking to make their money go further.

PropertyShowrooms.com has reported a 12 per cent increase in interest in real estate in the destination in recent weeks - a figure which is in line with a 5.4 per cent rise in the power of the pound.

Terry Hobbs, media manager for the portal, explained that currently buyers would be able to save a significant amount of money because of the currency-based change.

The news could lead to an increase in the number of individuals searching for Florida property, with a large number of distressed properties in the region offering investors the opportunity to pick up a bargain.

Closer to home, Mr Hobbs revealed that there has been an increase in interest from investors looking at homes in both Spain and Greece.

"It is almost like people are saying, these are the countries that are in trouble, so let's have a look at them and see what distressed bargains there are out there," he added.

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