'Good time for international money transfers'

Now is a good time to make international money transfers, it has been suggested.

According to the National Association of Estate Agents (NAEA), house hunters would do well to pick up a bargain overseas now, rather than waiting for the new government to get settled.

Those who may instead choose to wait for the government to get "bedded in" may find that it's too late as currency exchange rates will have changed.

Peter Bolton King, chief executive of NAEA International, said: "If you can buy now and get into a good negotiation immediately then you're in a strong position to get a real bargain.

"Waiting is risky, as the market is improving and prices are likely to begin increasing in the third quarter of the year."

Mr King added that, since the pound has been "steadily" increasing for much of 2010, waiting for an improved currency exchange rate after the coalition government has settled in is not advised.

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Posted by Sarah Pitton