International money transfers could save Brits moving to Barbados money

Britons may have been making international money transfers to Barbados in order to benefit from a new development.

Candelisa Resorts released the first stage of the homes earlier this week and received a great deal of interest from people in the UK.

Guy Taylor, managing director of the company, told Overseas Property Professional that the majority of buyers have been Brits in their 50s and 60s.

"They're mostly buying for lifestyle reasons but with investment in mind," he added.

"They are baby boomers looking forward to having more free time but who want some income as well."

A total of 34 out of the 45 available units have already been sold, despite a lack of advertising.

Mr Taylor told the news source that word of mouth was largely responsible for the high sales as only one small article was registered with the press.

People who are considering making a move to the Caribbean could benefit from using a foreign exchange broker to make their international money transfer.

This would save them around four per cent of their total sum as this is the percentage commonly taken by banks in foreign exchange fees.

Click here to make an International Money transfer

Posted by Sarah Pitton