Could international money transfers to India snap up a bargain?

Making an international money transfer to India could help foreign property buyers to snap up a bargain.

Indian residential property prices in 2011 are expected to fall by up to 15 per cent in some areas, according to recent research conducted by Jones Lang LaSalle.

However, Overseas Property Professional (OPP) reported that this is after prices have risen back to their peak 2008 levels.

The increase follows declines of between 25 and 30 per cent in Delhi and Mumbai.

Anuj Puri, chairman for India for Jones Lang LaSalle, told OPP: "I don't think there is any scope left to increase housing prices.

"If it happens demand will be severely affected in these two cities."

International money transfers can help overseas buyers to move large sums of money between currencies with a competitive rate of currency exchange.

This could prove useful for people buying houses abroad but it could also offer a convenient way of paying for maintenance on houses overseas.

Click here to make an International Money transfer to India

Posted by Chris Barber