Will international money transfers to the US help snap up Miami property?

Overseas property buyers might be interested in making an international money transfer to the US to finance property purchases in Miami.

According to the Miami Association of Realtors and the Southeast Florida Multiple Listing Service, sales of existing single-family homes in the area rose by 18 per cent in December.

A total of 734 properties were sold, compared to 734 in December 2009.

Across the state, sales rose by four per cent to 15,550.

Jack Levine, 2010 chairman of the board of the Miami Association of Realtors, commented: "Sales figures for December and for all of 2010 are very encouraging.

"Increasing sales denote the demand that exists for local properties and show significant strengthening from where we were two years ago."

Using a foreign exchange broker to organise international money transfers to cover your mortgage costs abroad will help keep the overall price of buying a home overseas down.

Click here to make an International Money transfer

Posted by Sarah Pitton