interest increases on Overseas properties

High st banks vs currency brokers

interest increases on Overseas properties

Overseas property interest increases? A growing number of people are showing interest in the overseas property, the latest figures show.

According to the property agent, Rightmove, 51.45% of locations saw an increase in March.

The report also highlighted that interest in Australian properties has also risen. Spain, however, dominates the report making up 22% of all searches of overseas property.

“Despite nervousness around the Spanish economy in recent weeks, property buyers are undeterred, with Fuerteventura, Valencia, Benalmádena, and Torrevieja all increasing in searches by over 20% respectively,” commented Shameem Golamy, Head of Rightmove Overseas.

There is also more interest emerging over Turkish properties as it has climbed two places in the Rightmove Overseas table.

However, Switzerland has fallen to 20th place. The report found that four of the top 10 regions with the largest fall in demand were in Italy, with overall searches falling by 12% in the country.

Mr. Golamy continued: “Following new year’s surge of interest in the overseas property, strong demand continues with 2.8 million searches performed on site for the second month in a row. Long haul destinations like Australia and India remain at the forefront of buyer’s minds. India, now a regular in the top 20 is popular with non-resident Indians (NRI’s) wanting to move or invest back home.”

The Eurozone proves to still be a popular venture for foreign investors as regions in Spain, France, Germany, and Greece are among the top 10 climbers.

Transferring money to the Eurozone

If you are looking to invest in the Eurozone, think carefully about how you will be transferring money to the area. Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

Foreign Exchange Comparison website is brought to you from compare money transfer limited for you to get all the information you require when you need to send a currency transfer overseas. By using our Foreign exchange UK website you can find information on all the latest currency exchange rates, information about bank providers so you can see who is offering the best currency exchange rates. In addition, you can also compare transfer fees that are charged by high street banks.

By getting an overall picture of bank foreign exchange rates and their transfer fees you will be able to select the best bank to transfer currency. Please note that most banks require you to have an account with them first before any transfer can be done.

By not having an account with the bank who may be offering the best foreign exchange rates can cause problems for you especially if the exchange rate is high.

That's, why Foreign exchange UK website has provided you with a comparison alternative a foreign exchange broker who can offer you the same currency exchange rates and in most cases, can beat the banks. They also offer a promise where they will match your bank rates given or beat the rate given.

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