The strength of the Euro makes American real estate a real bargain for European buyers, and some are making their way to Savannah.
Celia Dunn of Celia Dunn Sotheby’s International Realty said that they have had a handful of Europeans interested in buying Savannah properties this fall.
That number is likely to increase since Savannah is getting attention from British media.
Dunn was interviewed last week for a BBC documentary about life in America set to air next year. British actor Stephen Fry has been visiting states in the U.S.A., driving around in a London taxi while observing life in America.
“He felt their prices would be two to three times more (in England),” Dunn said. “They feel our prices are very low, particularly compared to their real estate prices. Because of the strength of the British pound it is an excellent time to buy.”
For the documentary, Dunn showed Fry properties at 20 W. Jones St. and 410 E. Charlton St.
“He seemed to be taken with the beauty of Savannah,” Dunn said, adding the weather was beautiful for the shoot. “They loved the fact that everyone was very friendly.”
Another Savannah home was featured this fall in British real estate magazine Property Square. Listing agent Annie Rockwell of Celia Dunn Sotheby’s International Realty said the magazine tagged her listing of a waterfront Dutch Island home “The American Dream.”
The dollar has had about a two-to-one exchange with the British pound recently, for the first time since the early 1990s. With the dollar’s worldwide weakness, investors from China and other areas are becoming interested in U.S. real estate. Key markets like south Florida, New York and Las Vegas are seeing increasing numbers of international buyers for additional homes or investment.
Known for its tradition of integrity, Celia Dunn Sotheby’s International Realty specializes in residential and commercial properties in Savannah and the Low Country of Georgia and South Carolina. Founded in 1981, Celia Dunn Sotheby’s International Realty is noted for outstanding service to its clients, thorough knowledge of Savannah and the South Carolina Low Country, and excellent staff, in addition to having one of the region’s top property management departments. The owners are natives of Savannah who have more than 60 years’ combined experience in real estate. The offices are located at 9, 13, and 17 West Charlton Street on Madison Square in Savannah and 6 Bruin Street in Bluffton, S.C.
For more information, call Celia Dunn Sotheby’s International Realty at (912) 234-3323 or visit Savannah Real Estate. To contact the Bluffton office, call (843) 836-3900.

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