No rush to buy UK real estate for Arabian buyers « Peter J. Cooper’s Weblog

Remarks last weekend by the British finance minister Alastair Darling that the economy was in its worst state for 60 years, sent the pound sterling into free fall this week. House prices are also down by more than 10 per cent over the past year, and open to offers lower than that. So is this a good time for dollar-earning expatriates and Gulf citizens to look at buying real estate in the UK?