International money transfers could boost property markets

Interest in buying property overseas is waning, according to one expert.

However, an international money transfer could cut down costs sufficiently to tempt Britons back into moving.

Rhiannon Davies, expatriate lifestyle expert and co-founder of Shelter Offshore, has claimed that there has been a "massive" drop off in the level of interest in buying foreign property.

This is partly due to the poor currency exchange value of sterling, but Ms Davies added that there are other factors at play.

"The fact that there is limited finance available for overseas home loans, or to enable someone to release equity in their primary residence [is putting people off buying property abroad]," she said.

"Also, people are aware that there is volatility in many property markets around the world, and they don't want to expose themselves to these risks."

However, an international money transfer through an independent currency exchange brokerage could help provide Brits with more foreign currency for their sterling.

Click here to make an International Money transfer

Posted by Chris Barber