Sunshine for Sale: Why the British Should Jump on U.S. Real Estate

Warm temperatures and blue skies regularly draw thousands of British citizens to the world’s hot spots. In fact, destinations such as Spain, Italy, and the south of France often become second homes to many UK residents seeking bountiful sunshine for months on end.

Now these legions of British sun-worshipers have even more reason to rejoice. Somewhere dream homes can be had for unbelievably low prices. The new hot destination place is the United States, and the price has never been more right!

It all comes down to basic international economics. An exchange rate favorable to England has sent the almighty dollar into a tailspin. The result? The pound is pounding the dollar.

So How Far Does the Dollar Stretch?

Quite a bit, right now, a pound is worth $1.57. This means approximately 1.3 million pounds will buy a $2 million home in the U.S. Quite a hefty discount; but the savings become even more pronounced as the sale price rises. For example, plunking down 2.5 million pounds will get you a stunning $4 million dollar Luxury Laguna Beach property, with a breathtaking view of the shimmering blue Pacific Ocean. In effect, this monetary imbalance has transformed the U.S. Real Estate marketplace into a giant bargain basement for anyone with pounds to spend.

High Velocity Purchases

Besides bargain prices, the U.S. Real Estate market offers UK buyers another major advantage – speed. On average, American home purchases are completed start to finish (including mortgage arranging) in a peppy 4-6 weeks. Things move considerably slower on the big island across the Atlantic.

The Call of the Coast

The British are overwhelmingly drawn to the sea. It’s an attraction that comes into play whether they’re buying an overseas property as a second home or an investment. As a result, many U.S. coastal communities are always top choices for UK homebuyers. Of course, much more than sun and fun lies behind this overwhelming popularity. The similarity of U.S. and UK cultures gives the British an instant connection with the land of red, white, and blue. After all, there’s a lot to be said for feeling right at home in your second home.

Come to Where the Sun Shines Brightest

If you’re a UK citizen seeking the ultimate coastal escape, you need look no further than Laguna Beach. The sun just seems to shine a little brighter in this coastal paradise. And thanks to a very vigorous pound, this beautiful beachfront community can be yours for a song. If you’d like to learn why Laguna Beach is your ideal second home or investment destination, I’ll be delighted to help. As one of the area’s premier Coastal Property Experts, I can answer all of your questions and help you discover the numerous opportunities the Laguna Beach Real Estate market has to offer.

Feel free to contact me at 949.922.8490 begin_of_the_skype_highlighting 949.922.8490 end_of_the_skype_highlighting or hillary@thecoastalpropertyexperts.com.

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Regards,