American dream revived

Wednesday, August 05, 2009

American dream revived

Changes inthe dollar-pound exchange rate mean that things are looking upfor house-hunters with their hearts set on living in the US and those whohave already made the leap across the pond.

The stronger pound in June the rate leapt to US $1.6 to the pound meansthe cost of moving to the US has decreased by 11 per cent in two months. Theaverage US property now costs a British expat 21,680 less than it did threemonths ago. And the cost of living there has also fallen 11 per cent since April,when the dollar was US $1.43 to the pound, research by Foreign CurrencyDirect has found.

Exchange rate calculated24th June 2009


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