Mansion Global
The U.S. dollar has depreciated between 10% and 15% the past year compared to other major currencies By Portia Crowe |
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What makes a property purchase a good deal?
For some prospective buyers, there is value simply in finding the right home, in the right location, at the right time. Most investors, however, weigh a variety of monetary and economic factors and how they might affect price. Those might include the local tax landscape, any recent corrections in the housing market, the fundamentals of the broader economy, and, of course, the currency.
Right now, the U.S. dollar is cheaper compared to major currencies from its most important foreign buyer markets. Over the last 12 months, it has fallen more than 16% compared to the Mexican peso, nearly 16% compared to the Australian dollar, roughly 12% versus the Canadian dollar, and 9% compared to the Euro, British pound and Chinese yuan, according to figures compiled by the Dow