Could a Geneva property purchase cost less with a money transfer?

Making an international money transfer to Geneva could help to keep down the cost of buying a property in the notoriously expensive city.

According to the Daily Telegraph, the spectacular backdrop of Lake Geneva and Mont Blanc contribute to the high prices for housing.

Indeed, a studio appartment in the Old Town would set you back CHF695,000 (£447,661), while an exclusive 1940s house with staff quarters and a pool in the Cologny district comes in at CHF42 million.

Despite the high prices, the city is still very popular with expatriates as the news source reports, 40 per cent of Geneva's population are foreigners.

Using an independent foreign exchange broker to make an international money transfer to Switzerland could help to keep down the extra costs involved in buying property abroad by providing a competitive rate of foreign exchange and avoiding high bank charges for switching currencies.

Click here to make an International Money transfer to Switzerland

Posted by Sarah Pitton