UK property market is 'still important in Europe'
The UK is still a "strong and important property market in Europe", according to Nubricks.com.
A strong euro and weak pound mean that European buyers looking for a good investment are being attracted to the British market over those closer to home.
Figures released from Halifax this week show that house prices ended 2009 on a high after the strongest quarter of growth since July 2006. The estate agents Savills expects the trend to continue with prices increasing by 40% in the next decade.
Adam Samuel, director at Nubricks.com, believes that currency fluctuations are one of the biggest factors affecting the market at the moment.
He said: "Their euros and other currencies go further and obviously they know about the UK property market and the longevity and good movement of the UK property market."
He added that it was still a "strong and important property market in Europe".
Turkey is another country which is expected to benefit from being outside the eurozone this year in terms of both tourism and investment.
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