I have noticed before that the pound to le drops every so often but it has always gone back up.
I cant remember the rates today in the HSBC but i do remember that they are increasing again.
It was 10.36 le to £1 the other day which is big drop from the 11.47 le to £1 before Christmas...especially over a large sum ie buying property here or developing.
As you say it will hit developers more than the purchasers who mostly buy from UK based agents in Sterling any way.
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