London markets boosted by international money transfers?

International money transfers could be helping to boost the London property markets.

The index for prime central London property from John D Wood & Co showed a ten per cent increase over the course of the last quarter.

James Wyatt from the property firm noted that foreign buyers played a part in this.

"International buyers with cash and the resurgence of the London stock market with City bonuses being paid has resulted in incredibly strong demand," he said.

"With a lack of suitable property available many property sellers, who are sitting on increased equity, are able to hold out for the highest price."

People from overseas who are interested in purchasing property in London may want to think about using an independent foreign exchange broker to make an international money transfer.

By doing this they can avoid the high currency exchange fees often levied by high street banks.

Click here to make an International Money transfer

Posted by Sarah Pitton