U.S. home buyers are looking overseas for bargain home prices. The U.K is experiencing significant price cuts; prices in London are down approximately 20% and British currency is “off 17.5% against the U.S. dollar year to date.” The fall of British currency is making U.K. real estate cheaper for U.S. home buyers and is especially appealing to U.S. Millennials who are being severely impacted by inflation. Industry experts are saying that the price drops are creating a rare investment opportunity for American buyers. YPulse’s Local / Global Citizenship report data shows that 71% of Millennials consider themselves citizens of the world, so it wouldn’t be far off for more to be buying homes outside of the U.S., especially if they’ll be saving money. (CNBC)
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