Knight Frank’s international team often find that, for example, when the pound/euro exchange rate reaches €1.20 enquiries from new buyers strengthen.
In figure 1 we examine whether a change in the pound/euro exchange rate appears to influence the number of properties in the Eurozone being viewed by UK based buyers on Knight Frank’s Global Property Search Website, (figure 1).
The results show two key trends. Firstly, that the relationship between the exchange rate and property viewings (demand) was strong during two key periods; throughout 2010 and also between December 2011 and July 2013 (see shaded sections).
Source : Knight Frank