The two-dollar pound is here reaching a 26-year high to $2.0136

$2.0136 to the pound, the two-dollar, this high was last reached 26 years ago in 1981 when my now not so little sister made her way into the world and Princes Charles and Lady Diana tied the knot. The strength of the pound and also the euro against the US dollar is widely attributed to its weakening subprime mortgage market underpinned by a plummeting housing sector, bad for US residents but great for overseas investors searching for a holiday home in the US whether that be a vacation property on the upcoming Gulf Coast, a sunkissed California beach house or family friendly florida properties a stone’s throw from Disney.
So if you have a summer trip to the United States planned now’s the time to buy your holiday money. Buying property in the US now also means more bang for your buck and with real estate prices still yet to bottom out as mortgages and housing numbers are in decline. The two-dollar pound means it is great time for those of you looking at buying property in the USA or investing in property locations such as the Caribbean and Latin American where hot property destinations such as Costa Rica and Panama advertise property prices in US dollars.

With a correction in the US housing market due, in prime US resort communities developers with for example, florida homes for sale are offering great incentives to buyers investing in states property. It is important for second home buyers of florida properties to keep in mind like Spain, the Florida property market is now a buyers market and if a lifestyle property for family holidays is your eventual goal with the investment side of things taking somewhat of a backburner now is a great time to get out there and negotiate for your dream home stateside.