Could international money transfers to Germany be on the rise?

Foreign investors are showing an increasing interest in the German residential market, it has been suggested.

International money transfers to Germany could help those who are interested in taking advantage of the "riskier" market in the European country.

Matthias Pink of Savills Germany told Overseas Property Professional: "Opportunistic buyers – the most active being from the Netherlands and Switzerland – are looking for portfolios which were bought at the market peak in 2006/07 and are now under pressure due to difficulties in refinancing."

The estate agent confirmed to the news source that Savills expects total transaction volumes to outstrip those seen in 2009.

However, the currency exchange climate for the pound may prompt British property buyers to hold off from making an international money transfer until the foreign exchange rate improves.

The pound has shown a steady decline against the euro, trading at €1.19 this morning (July 12th).

Click here to make an International Money transfer to Germany

Posted by Chris Barber