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"PCL prices are expected to increase by a further 26pc in sterling terms between 2013 and 2018 but at a much slower rate for international buyers," according to Knight Frank researcher Liam Bailey. He reckons for US dollar-denominated buyers, prices will rise a smaller 15pc over the same period as the dollar strengthens against the pound. Since Asian buyers use US dollars for these types of transaction, they would experience a similar benefit.
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