'Overseas foreign exchange transactions more likely'

Foreign exchange transactions are set to increase in several international locations favoured by expats, according to industry experts.

A study commissioned by Propertyindex.com looked at the number of Brits buying investments in eight countries and concluded that bargains could still be picked up amid the economic downturn.

The portal revealed that while some regions, such as France and Italy, may prove more costly due to the strong euro, other areas are likely to see an increase in foreign exchange transactions.

Robin Hayes, from the company's currency index department, explained that Spain, Portugal, Bulgaria and the US all provided more affordable investments.

"We are seeing a renewed demand for currency exchange as people pick up property bargains in Spain, Florida and elsewhere around the world," said Mr Hayes.

In other news, the European Commission recently proposed a new scheme that offers credit to entrepreneurs running small businesses in the eurozone.

Click here to find out how much you can save with HiFX's Foreign Exchange services.

By Linsey Summers.