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Executive Golf < Property (Intl) - Emerging markets < Buyers of homes outside the Euro Zone are not affected by the credit crunch

Buyers of homes outside the Euro Zone are not affected by the credit crunch

Countries outside the Euro Zone are not affected by the current credit crunch. Traditional countries such as Spain, and Portugal, where the British have bought in huge numbers over the years, are feeling the pinch, whereas other countries such as Turkey are not.

“Sterling has fallen in value by 17 to 18% compared to the euro over the past year and the result is that people travelling to the euro zone are subject to much higher costs”, says ... Full story

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