International money transfers could be needed to boost overseas interest

International money transfers could provide one way of improving interest in overseas property by keeping costs low.

A recent report from Rightmove has revealed that Britons are showing less interest in property abroad.

Indeed, the number of internet searches fell by 17 per cent in September 2010 compared with the previous month.

The US and Australia were particularly badly affected, with falls of 22.5 per cent and 21.83 per cent respectively.

However, Robin Wilson, head of the property website's overseas section, noted that traditional lifestyle destinations are managing to resist the trends, with Italy in the lead with a reduction in interest of just 14 per cent.

He commented further: "After the storming August we saw, it's back to earth with a bump as users put the brakes on search activity.

"Good news is the month on month decline this year wasn't as sharp as last year's, indicating resolve and sentiment is much improved."

Click here to make an International money transfer to Italy

Posted by Thomas Smith