Dollar-earning ex-pats could now get a bargain home in Britain, thanks to plummeting UK house prices and the fall of sterling against the dollar.

The County Homesearch Company, the UK’s largest network of home-finding agents say that those banking dollars could now get a discount of more than 40 per cent on the price of a home here.

The company, which has 20 offices nationwide, has reported a significant upsurge in potential new business in the last two weeks from dollar earners looking to cash in on the significant savings on offer.

Jonathan Haward, managing director of The County Homesearch Company, said: “We have had more inquiries in the last two weeks than in the last two months combined and the vast majority have been dollar buyers, including those based in America, the British Virgin Islands and even Botswana.”

Sterling has fallen by 28 per cent against the dollar since its height in November 2007 and UK house prices have diminished by around 20 per cent.