Could returning property market confidence boost international money transfers to the US?

Confidence is returning to the US property market and could lead to an increase in the number of people making international money transfers to the country.

According to Paul Collins, editor at the BuyAssociation, many buyers feel that now is a great time to purchase property in North America.

He said the general consensus among investors is that prices in some states are unlikely to fall any further, so they want to "get in at the bottom of the curve".

"People are starting to see the end of the recession hopefully and feel a little more confident about investing a little bit of money into the property market," he remarked.

Mr Collins said Florida in particular will always be popular for overseas property investment thanks to its thriving tourism industry.

The lifestyle in the state also attracts second home owners and those looking to retire abroad, he added.

However, Mr Collins said buyers must be conscious of exchange rate fluctuations when investing in US property.

An international money transfer could help save money by locking in favourable exchange rates.

Click here to make an International Money Transfer

Posted by Chris Barber