Quote:
Originally Posted by propertastic
What about the slumping pound?
Is this going to cause you any problems?
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It's all part of the risk - not that any of the "commentators" on the forum would believe that developers take any risks - they seem to think that every price increase is just "profiteering".
I would hope that most developers who take payment in British Sterling, like me, have already "hedged" their bets on currency
- as long as the project is over a sensible period of time (at least 12 months) it should even out.
It does however make the existing buyers "quids" in since their price has been fixed (unlike in some other countries).
New buyers may well get a much better deal "TODAY" than in a months time if the pound does not bounce back.
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