Capitals pinpointed for money transfers

Investors looking to make international money transfers to overseas mortgages are advised to search for homes in capital cities, it has emerged.

Property advisor HomesOverseas.co.uk recently urged expats to consider large urban areas when buying investments.

Marc Da-Silva, editor at the portal, explained that cities are likely to be the first areas to thrive when the global economy picks up.

In addition, expats who are making international payments to overseas properties may find that homes located in busy regions will offer more rental opportunities, which can supply second incomes.

"The capital city is obviously where it is all going to be happening. It is where [there is] the greatest demand for both rental accommodation and resale homes," said Mr Da-Silva.

"I would always advise [investors to buy in] the capital city because any nationwide capital growth is always going to stem from the capital in a ripple effect."

According to NatWest International Personal Banking research, 98 per cent of expats reported they were satisfied with their move abroad, despite the impact of the recession on the global property market.

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By Linsey Summers