The lowering of interest rates has weakened the pound.

In my opinion this will encourage wealthy foreign buyers to enter the UK property market - mainly London.

This will result in a property market recovery due to a trickle down effect - rather than first time buyers entering the market.

Kind Regards,

Grant Nicholls
Director
Monument London Realty Ltd
"The London Home Search and Relocation Specialist"
Website @ www.london-realty.co.uk