International house prices 'rising'

A recent report has suggested that the international property markets are starting to improve.

People who are considering taking advantage of positive conditions before prices shoot up may want to look into making an international money transfer through a foreign exchange broker.

This would allow people to benefit from a competitive rate of currency exchange as well as avoiding fees that are often charged by banks.

Prime property appears to have benefitted in particular as foreign buyers are looking into alternative markets, the Knight Frank report found.

In fact, in the 12 months to June 2010, 50 per cent of all new build apartments sold in London were bought by foreign nationals.

Liam Bailey, head of residential research at the estate agent, proposed an explanation: "As the world economy has grown, so the restrictions around capital transfer have declined.

"In more and more locations it has become easier to take equity from one country to another."

Click here to make an International Money transfer

Posted by Thomas Smith