International money transfers to Spain could increase

A growing number of people may be encouraged to make international money transfers to Spain following a new services.

Offered by Clydesdale and Yorkshire banks, the Spanish Property service will help buyers who are unsure about moving abroad

Figures from the banks show that one in six people who move abroad will return to the UK within two years.

Those who are feeling uncertain about the change may be more inclined to make an international money transfer knowing that they can rent a property before buying.

If they then choose to purchase within the two years, all of their rental money will go towards the purchase price.

Steve Reid, retail director at Clydesdale Bank, commented: "With prices in Spain coming down so much there are potential bargains to be had for those looking to buy. 

"However, many are intimidated by the idea of dealing with a foreign house buying process where different rules and language barriers can add to the stress and may want to see how Spanish property prices fare."

Click here to make an International Money transfer

www.hifx.co.uk/online

Posted by Chris Barber