Could US property investors benefit from international money transfers?

International money transfers to the US could become more popular as a Michigan city has been hailed for its investment potential.

Axis Property Investment noted that Detroit is a favourite of US president Barack Obama.

Furthermore, billions of dollars have been invested in the city's auto industry.

People from overseas who are considering purchasing a house in the area may want to use an independent foreign exchange broker to make an international money transfer to the US.

This is likely to save money by avoiding high exchange fees often charged by banks.

Rod Thomas from the investment firm commented: "The US housing market, in general, remains ideal for investment opportunities.

"House prices are still low due to foreclosures and rental demand is high."

He added: "Now, as Detroit enjoys an economic recovery, investors can benefit from government-subsidised rents, capital growth over time and re-selling back into the local market."

Click here to make an International Money transfer to the US

Posted by Sarah Pitton