Could international money transfers help property investors?

International money transfers could save property investors money if they are considering buying up distressed properties.

According to a study conducted by the Royal Institute of Chartered Surveyors (RICS), Ireland and the US are set to see the biggest rises in the number of distressed properties on sale.

Oliver Martin, senior economist at RICS, commented: "The issue of distressed property assets has not yet gone away despite a modest recovery in values across most global property markets in the past six to 12 months.

"Indeed, this is the thunderous cloud which overhangs the market despite some glimmers of light having shone through in the past year as risk appetite has improved."

The US and Ireland were not the only countries in which real estate professionals predicted rises in the numbers of distressed properties on the market.

A total of 19 countries out of the 25 surveyed were expected to see an increase in the second quarter of the year.

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Posted by Sarah Pitton