Hi guys,

I've been seeing some advertisement in the news paper for property launch for UK properties. Last week i came accross Saffron Square in the paper. I think there will be a launch at Mandrin Oriental this Saturday.

With the ringgit being strong against the pound at the moment, would it be a good move to invest in UK properties? Nevermind the usual - location / quality / etc. Would you guys go in just for the possibility of making a gain on the exchange rate? Say we buy it for 100,000 pounds now and hold it for 3 years afterwhich the pound appreciates. We maye even sell the property off below 100,000 pounds and still make a gain on the currency exchange.

Is this workable?


This is the link. http://www.berkeleygroup.co.uk/berkeley/saffron-square

if you're just in for the currency exchange investments its easier to just open a foreign currency account for 100k pounds here and have the interest + gain or loss. no need to "waste" your time with going through a property for that.

No, I won't. As @Pjusa says, just open a forex account to trade. Why the fuss in buying property just for the pound to appreciate but not the property itself?

Anyway, I won't buy the property in UK also, unless I'm staying there or having business there.

story from telegraph:
Telegraph

You're so sure it will appreciate?

Sterling in crisis? House prices to fall further?
Telegraph


This post has been edited by ycs: Jul 22 2010, 11:16 AM