International property market 'improving'

International money transfers could become increasingly common as it has been suggested that the global property market is on the move.

The latest Global Commercial Property Survey from the Royal Institute of Chartered Surveyors (RICS) found that agents in three quarters of the countries represented reported greater demand from tenants in the last quarter of 2010.

Indeed, the research noted that both rents and capital values on balance continue to improve, which could prompt investors to get in on the game.

However, buying property of any kind abroad can be pricey. Using an independent foreign exchange broker to make international money transfers is one way of keeping costs down by avoiding high fees and allowing people access to competitive currency exchange rates.

Simon Rubinsohn, chief economist for RICS, commented: "Solid growth in Asia, Latin America and parts of Eastern Europe is providing significant support for the real estate sector.

"Indeed, a key reason for central banks raising interest rates in these parts of the world is to head off concerns over the re-emergence of another asset price bubble. Even so, our suspicion is that these markets will see the strongest gains in capital values over the course of 2011.''

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Posted by Thomas Smith