Terri is writer who loves to inspire with words. She is also a facilitator of Ecopsychology workshops & wellness retreats and loves being immersed in nature! For more on her work visit www.onelovelivity.com
For anyone living in the UK or Europe, who has been sitting on the sidelines waiting to buy a Caribbean property, now may be the time to jump and make that property purchase in the Caribbean. Movements over the past month have seen the pound and euro fall around 5% in value against the US$Dollar, which is used for pricing most Caribbean properties.
It is difficult to predict whether this slide will continue, as the international money markets weigh the relative strengths of the US economy against the Eurozone. However, with little growth predicted through 2008 and 2009 and the threat of recession looming; there is a very real chance that the recent slide in the value of the pound and euro could continue to erode the value of these currencies possibly back to the levels sustained for many years through the 1990's, where the dollar stabilised at around US$1.55 to the pound.