# Property buyers flex their dollars as sterling approaches pre-Brexit levels
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-03-06
Category: LIFESTYLE
Category URL: https://financedigest.com/category/lifestyle
Meta Title: Turkish Property Buyers Benefitting from Pound's Rise
Meta Description: Discover how the pound's rise against the dollar is impacting overseas property markets, with great deals on Turkish, US, and Caribbean properties.
URL: https://financedigest.com/property-buyers-flex-their-dollars-as-sterling-approaches-pre-brexit-levelshtml

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- **Pound passed $1.40 mark in February for first time since Brexit referendum (** [**xe.com**](http://xe.com) **)**
- **Turkish property buyers benefitting from the pound’s rise against the dollar (Spot Blue)**
- **US & Caribbean properties proving particularly hot right now (InternationalPropertyForSale.com)**

Over the past month, the pound’s value against the dollar has edged significantly closer to pre-Brexit levels.

February saw a high of $1.42, while at the time of writing the pound’s value stands at $1.37 ( [xe.com](http://xe.com)). While it may not have [returned to the heady $1.49 that it was on the day](https://www.financedigest.com/lux-afrique-polo-day-announces-exciting-return-of-europes-premier-african-polo-event.html "Lux Afrique Polo Day Announces Exciting Return of Europe’s Premier African Polo Event") of the Brexit referendum, the pound’s steady climb is excellent news for anyone with an eye on an overseas property.

![](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd060318-40-1736842933017-compressed.jpg)

A [British buyer](https://www.financedigest.com/what-brexit-mean-for-british-buyers-in-spain.html "WHAT BREXIT MEAN FOR BRITISH BUYERS IN SPAIN") with £100,000 to spend will today have a budget of $137,000. This [time last year](https://www.financedigest.com/elon-musk-named-times-2021-person-of-the-year.html "Elon Musk named Time’s 2021 ‘Person of the Year’"), they would have had just $122,000. A buyer whose £1 [million a year](https://www.financedigest.com/first-year-of-n-ireland-protocol-required-1-million-customs-declarations.html "First year of N.Ireland protocol required 1 million customs declarations") ago would have given them $1,220,000 will now have $1,370,000 to play with. Naturally, [buyers of US and Caribbean dollar properties](https://www.financedigest.com/uk-buyers-lead-interest-in-megacity-istanbul-accounting-for-21-51-of-all-property-enquiries.html "UK BUYERS LEAD INTEREST IN ‘MEGACITY’ ISTANBUL, ACCOUNTING FOR 21.51% OF ALL PROPERTY ENQUIRIES") are delighted, but it’s also great news for those buying closer to home.

**“Buyers purchasing homes in Turkey aren’t limited to conducting their transactions in lira or euros – they can also pay in dollars. Given the pound’s [steady](https://www.financedigest.com/dollar-steadies-near-16-week-low-yuan-set-for-biggest-weekly-gain-since-2005.html "Dollar steadies near 16-week low, yuan set for biggest weekly gain since 2005") climb against the dollar, and its recent passing of the $1.40 mark for the first time since the Brexit referendum, this has opened up the Turkish market to British and international buyers looking to get maximum value from their overseas property purchase. In short, it’s a great time to buy.”**

**_Julian Walker, MD,_** [**_Spot Blue International Property_**](http://r20.rs6.net/tn.jsp?f=00154XLw6Ey_VjdzR42D67FwFR4kuz2q7aNHuXLK6q8e24okDNBHylJ_4HFlqC8qbV0rrUe8F8f3CHdi00hdXS3lRC9khvPXRcPEkmCKLOP8WRia4o8UyafPudFTD-EHy3f0NkcUxk0MSP4DBlTYrke-VwQ8L2HRR5vtHQ7uVUtu3WiGoTyF-Xh5EWdeWP_3mcmKPfQqgouRKQ=&c=YrVnx-qqw4f_n24HdvyiQZhm_fSdPcSUNlkkBMYe4iJ_aWYqSydwGA==&ch=NjnlPK9u2fwMC-6GdM9bomiGw4-JNXsK0V8_PJLo73iwHB94j-DcOg==)

Award-winning Turkey property specialists Spot Blue are seeing [sterling’s rise positively impact buyers of Turkish property in dollars](https://www.financedigest.com/sterling-rises-0-5-as-dollar-takes-a-breather.html "Sterling rises 0.5% as dollar takes a breather") at both ends of the price spectrum.

Turkish properties offer exceptional value at present; $151,206 is sufficient for a [three-bedroom villa with communal pool](http://r20.rs6.net/tn.jsp?f=00154XLw6Ey_VjdzR42D67FwFR4kuz2q7aNHuXLK6q8e24okDNBHylJ_9ktF7L6XEGhxfVovFDq7qvl9f4TkMUa6K-L5vuo_gKHaqGa8Ya-YBrnswimWQMeoL-H9O9KufC6DyTCwE3x4kNkgNZUuo0DtpAoEqIrOxRlTvBE18EC_ODpI2DdsPmp17j1Mlsz5KwZ-ulQmufmxAupvUJ7hzlK0Eb_-kqUqS-dheaF88pqWXqUSC2yjvQwMKxenvGwSBLe&c=YrVnx-qqw4f_n24HdvyiQZhm_fSdPcSUNlkkBMYe4iJ_aWYqSydwGA==&ch=NjnlPK9u2fwMC-6GdM9bomiGw4-JNXsK0V8_PJLo73iwHB94j-DcOg==) just 7km from the coast.

![](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd060318-50-1736842932974-compressed.jpg)

Meanwhile those with more to spend can enjoy serious luxury, with this [six-bedroom, five-bathroom ultra-contemporary eco villa with private pool,](http://r20.rs6.net/tn.jsp?f=00154XLw6Ey_VjdzR42D67FwFR4kuz2q7aNHuXLK6q8e24okDNBHylJ_9ktF7L6XEGhVq-KpiufGBRCY_4QepawPD-fyUi5OIwPOcpZEsMtNuX5HAhReXBnDYmDYCDK71wTRd_l1rUmzhT1zotx83klb0bunrWeBF-31JDBRnljWlYdVOrSF9z7d6PEuJ8BZQAlul4ngD7_o3-WVJIUvFzCtOeUYjjkAgBC5Df1NUlS_ZEaynfAVCIHiA==&c=YrVnx-qqw4f_n24HdvyiQZhm_fSdPcSUNlkkBMYe4iJ_aWYqSydwGA==&ch=NjnlPK9u2fwMC-6GdM9bomiGw4-JNXsK0V8_PJLo73iwHB94j-DcOg==) priced at just $2,214,927.

The Turkish property [market certainly seems to be benefiting](https://www.financedigest.com/health-benefits-served-by-vegan-diet-will-infuses-vegan-noodles-market-demand.html "Health Benefits Served By Vegan Diet Will Infuses Vegan Noodles Market Demand"). According to the Turkish Statistical Institute, [sales there increased by 1.7%](https://www.financedigest.com/tods-sales-rise-17-in-first-half-of-year.html "Tod’s sales rise 17% in first half of year") in January 2018 when compared to January 2017.

The more traditional dollar-purchase locations of the US and the Caribbean also now offer British buyers more for their money. A [spacious three-bedroom apartment in Orlando](http://r20.rs6.net/tn.jsp?f=00154XLw6Ey_VjdzR42D67FwFR4kuz2q7aNHuXLK6q8e24okDNBHylJ_8HxMa6XTtpv5k6F7ql24Xgdc80aD2uhPIiFYrfSaEvWZIH4LT2IQZR6yLV6dGjmwEixwqIw7HhR0I7gQ20ifi5VWxxPnHWytZ18_oQl0mzgcVoc3inMzacmyYl3osb1Xb6s0RtNswZE6VkM66fopIlKfm4mYTyReGt4woKjzp2u7Fa6ChzJLYl6PREzvQUmSt5pViSOiCKXESUwIO_U8Q_0zHWx0-XbhFt6xTTjzdcNxwa_6gn-onN9owHMTcZD2-9zERhxtPam&c=YrVnx-qqw4f_n24HdvyiQZhm_fSdPcSUNlkkBMYe4iJ_aWYqSydwGA==&ch=NjnlPK9u2fwMC-6GdM9bomiGw4-JNXsK0V8_PJLo73iwHB94j-DcOg==), with huge communal pool and landscaped gardens can be snapped up for just $134,900 through [InternationalPropertyForSale.com](http://r20.rs6.net/tn.jsp?f=00154XLw6Ey_VjdzR42D67FwFR4kuz2q7aNHuXLK6q8e24okDNBHylJ_4HFlqC8qbV0rrUe8F8f3CHdi00hdXS3lRC9khvPXRcPEkmCKLOP8WRia4o8UyafPudFTD-EHy3f0NkcUxk0MSP4DBlTYrke-VwQ8L2HRR5vtHQ7uVUtu3WiGoTyF-Xh5EWdeWP_3mcmKPfQqgouRKQ=&c=YrVnx-qqw4f_n24HdvyiQZhm_fSdPcSUNlkkBMYe4iJ_aWYqSydwGA==&ch=NjnlPK9u2fwMC-6GdM9bomiGw4-JNXsK0V8_PJLo73iwHB94j-DcOg==):

Over in Barbados, a l [avish three-bedroom villa with sun terrace, private pool and garden](http://r20.rs6.net/tn.jsp?f=00154XLw6Ey_VjdzR42D67FwFR4kuz2q7aNHuXLK6q8e24okDNBHylJ_9ktF7L6XEGhCjY7TVrOo7a6DPLLzDAsuq2WpBA_uTc58JGOoM8ZUYmveCwnZfuzjuulzDpm46wFd8T4YuIPLh5oJX5Hny1uu8hO60p4kZiVCnMUbEH5K_c72CkHf1R8IVtg3CHLll0ak78BQBV0eXwjTlcT2e1sxftmmRG5E4XcQA7AIxteVi6ouyyV247b1vbFsxMmAqmvo4h0_35v-GEaZ9Qvba6TA5D-OtVgEoIMG7TiFNfMqiFRtNTfNA7JXlJytlSkOciW&c=YrVnx-qqw4f_n24HdvyiQZhm_fSdPcSUNlkkBMYe4iJ_aWYqSydwGA==&ch=NjnlPK9u2fwMC-6GdM9bomiGw4-JNXsK0V8_PJLo73iwHB94j-DcOg==) costs just $850,000:

**“It’s a fantastic [time for those interested in US property](https://www.financedigest.com/a-guide-to-luxury-property-investment-in-the-time-of-covid-19.html "A guide to luxury property investment in the time of COVID-19") to see how far their pounds will stretch at the moment. The ups and downs of the Brexit process are far from over, but we’ve seen a steady increase in the pound’s value against the dollar over the past year, which has put British buyers in a much stronger position and made US and Caribbean properties far more appealing in terms of their price tags.”**

**_Julian Walker, MD, Spot Blue International Property_**

![](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd060318-60-1736842933003-compressed.jpg)

![](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd060318-70-1736842932955-compressed.jpg)


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