The Dollar is on Sale for Foreign Buyers
By Paul Kitchen Group, Vero Beach Real Estate
(Starfish Real Estate)
“The dollar is on sale,” said Susan Wachter, a professor of real estate at the Wharton School at the University of Pennsylvania. She points to the declining value of the dollar against the euro—the currency of 13 European countries: Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal, Slovenia and Finland. Today, a foreign buyer would need only 34,100 euros to make a $50,000 downpayment on a house, compared to 37,920 euros to make the same downpayment at the beginning of the year. This sheds some light on the large amount of interest from international buyers in Vero Beach Real Estate
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