European buyers can gain £40,000 London property discount

Ryan Bembridge

June 24, 2016

london shard thames

European buyers can get a £40,000 discount on London property from seven months ago after the United Kingdom voted for a Brexit last week, analysis from London Estate Agents Stirling Ackroyd has found.

The value of the pound against the euro fell by 7% the day after the UK opted for a Brexit.

Andrew Bridges, managing director of Stirling Ackroyd, said: “European buyers can now snap up real bargains across London. Overnight London has become a more affordable global property hotspot – particularly for those paying in Euros.”

Homes £450,000 cheaper one hour outside London

“After the shock of the referendum, calm will return to the market and people will see the bright lights of London are undimmed.

“London’s reputation as a valuable property investment hotspot remains undiminished and the capital will continue to attract an abundance of potential buyers. London will retain its global capital city status.”