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    Upside of Brexit for resident in the UAE

Upside of Brexit for resident in the UAE  

 
Now is the time for British citizens living in the UAE to take advantage of the results of the referendum that will see Britain exiting the EU.
 
The impact of Brexit is clearly evident on the currency market. Sterling is at the lowest levels since 1985 and leading into the summer months, there are some clear advantages for expatiates in the UAE who maintain a foothold or connection with the UK.  Apart from benefiting from up to 11% discount on all your holiday expenses if you are holidaying in the UK over the school summer months, Exclusive Links can assist you with the following: 
 
  • There could never be a better time to purchasing property in the UK.  Fundamentally UK property prices have dropped by 11% overnight for international investors. Combined with the current uncertainty it couldnt be a better time to enter the UK property market.
 
Exclusive Links Real Estate is proud to introduce international property investment options in the US, UK, Europe and Australia in partnership with specialist real estate investment company IP Global. We are offering this service and product to help clients build and diversify their property portfolios worldwide. This product offers clients the benefits of full management in all the markets we cover as well as assisting with finance and of course the due diligence required to invest. Click here to see our latest overseas property opportunity in Manchester,  Rivergate House.

 
  • If you are currently buying Sterling or have future requirements you are in an extremely favourable position to lock in very attractive exchange rates. 
 
Below is a graph of the volatility of GBP against AED in the last year:
 

 
 
Have a look at the illustrations below to see just how much of an impact the currency markets have on international buyers. A weak GBP is good news for expats looking to cash in and return home or take advantage of low rates for international investments.
 
AED vs. GBP
200k property in July 2015         =     AED 1,156,000
200k property in January 2016   =     AED 1,082,000 6.4% less than July 15
200k property today                  =     AED 976,000 15.57% less than July 15
 
Exclusive Links can assist you with both of these matters and our experts in currency exchange and buying overseas can contact you today.  Please email me for further information or comment to zarah@exclusive-links.com.
 
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Exclusive Links Real Estate commits to excellence in every area of the real estate industry
ensuring that customers best interest are always of the utmost importance.


 
 
 
 

 
17th July 2016

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