Macau 'ideal for property investment'

People considering making an international money transfer should consider Macau as a potential investment hotspot, it has been claimed.

According to Homesgofast.com, the region currently "ticks all the right boxes" when it comes to a potential property investment location, offering people a good place to put their money during the current global recession.

Nick Marr, chief executive of Homesgofast.com, said that Macau is a "tip for the top" because of the area's appeal to gambling tourists, which stands the region in "good stead for long-term investment".

He added: "The region's revenue from gaming was said to be larger than that of Las Vegas in 2007 and with new casinos being built and a huge amount of tourism to the region, it seems a very exciting prospect."

The global economic downturn has made it harder for people about to make an international payment to find a location where their money will still go a long way, as well as finding a property that will offer them good returns on their investment.

Figures from the Government of Macau Special Administrative Region (SAR) Statistics and Census Service published this month found 30.2 million people visited Macau in 2008.

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By John Mills