International money transfers could benefit emerging market property investors
28
Jan
2010
HiFX News@ 12:00 AM
International money transfers could increase as investors look towards ever improving emerging markets for property.
As figures released yesterday (Wednesday January 27th) revealed that global commercial property investment is improving, investors could be making more international money transfers in order to benefit from the best property markets.
The figures from RICS showed that the emerging markets in China and Brazil led the way in commercial property investment in the fourth quarter of 2009.
RICS chief economist Simon Rubinsohn commented: "The latest Global Commerical Property Survey demonstrates in the clearest possible terms that it is emerging real estate markets where sentiment has turned around most significantly.
"Crucially, the improvement in investor appetite is being accompanied by a firmer tone to the rental market. This is key to ensuring that the recovery proves sustainable."
Surveyors in Brazil reported a rise from 29 per cent to 61 per cent in the fourth quarter while China rose from 47 to 58 per cent.
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Posted by Sarah Pitton