Foreign exchange trading figures lead to "comparatively cheap" properties

Foreign exchange trading figures are behind a recent increase in the number of Brits who are considering buying assets in the US, according to industry experts.

A poll by property portal Primelocation.co.uk recently revealed that searches for real estate in the country have increased by 262.8 per cent in the last year.

Dan Johnson, director at investment website TheMoveChannel.com, stated his belief that more Brits are considering purchasing assets in the US due to the weak dollar.

In addition, property in the area tends to be more affordable than dwellings located in other expat haunts, such as Spain and France.

Mr Johnson said: "Look at the eurozone: it hasn't fared anywhere near as badly against the US dollar.

"In relative terms, the US therefore looks comparatively cheap compared to other destinations."

Further figures from Primelocation.com reveal that searches for overseas properties rocketed by 32 per cent in the last 12 months.

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By John Mills