'Buyer's market' could prompt an increase in Spanish money transfers

Demand for international money transfers to Spain could be set to rise following the comments of one property expert.

Mark Stucklin, of Spanish Property Insight, has claimed that the Spain real estate sector will remain a "buyer's market" for some time to come.

He noted that prices in the region could continue on their downward spiral for a further two years, with recent figures from the Bank of Spain suggesting that the short-term outlook for the economy looks bleak.

"If the past is anything to go by, average Spanish property prices will continue falling for another two years," Mr Stucklin explained.

For those who are thinking about investing in property in the region, a meeting with a foreign exchange broker is recommended, with firms able to offer an insight into the best way of making an international money transfer to Spain.

In the long-run, this could save them moneyby allowing them to access some of the most competitive exchange rates on the market.

Meanwhile, statistics from the Spanish Ministry of Housing have revealed that there was a 5.9 per cent increase in the number of sales in the country in 2010, compared to a year ago.

Click here to make an International Money transfer to Spain

Posted by Sarah Pitton