Could international money transfers assist new property buyers?

International money transfers could prove useful to Russia's new generation of foreign property buyers.

Recent research conducted by Overseas Property Professional has revealed that young people in the country are becoming increasingly interested in investing in modest properties abroad.

Business managers, lawyers and medics were all showing tendencies to look at sensible investments over the lavish choices of their forbearers.

Antonio Ribes Ras, general manager of Romintgo in Spain, told the news source: "There are two types of Russian clients now: The middle-aged investor and the gilded-youth buyer.

"The younger buyers want discretion, comfort and security rather than opulence. Russian tastes have also become more European."

Bulgaria was found to be the number one destination, accounting for nearly five per cent of Russians' overseas property purchases.

Spain and Turkey followed in second and third place respectively.

Click here to make an International Money transfer to Bulgaria

Posted by Chris Barber