Law 360 – A Stronger Dollar Won't Mean Easier Real Estate Bargains
Law360, New York (March 18, 2015, 8:54 PM ET) -- While the gaining power of the U.S. dollar has made certain property deals pricier for foreign investors, experts say the currency shift isn't making a major difference at the negotiation table.
Slowly but steadily, the U.S. dollar has been gaining ground on a number of other currencies over the past few motnhs. Even with this week's slide, the dollar has been trading at about $1.49 per British pound and $1.50 per euro. The general shift is making U.S. properties mire expensive for foreign buyers and giving Americans more buying power abroad.
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