Wealthy investors take advantage of the struggling Euro

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The number of wealthy Brits moving overseas to Spain is expected to rise throughout the next two years as economists predict the pound will strengthen further against the euro.

The appeal of owning an overseas property in Spain and elsewhere in the eurozone is set to increase rapidly during the next two years as economists expect that the euro will only get weaker.

The most recent Lloyds TSB International Wealth survey has shown the number of wealthy Brits wanting to move abroad is likely to rise over the next couple of years, with many wanting to permanently relocate to their favourite holiday hotspot.

The survey suggests that by 2014 more than half of individuals will move overseas for a better life as figures revealed 19% of those with investments and savings over £250,000 are considering a move abroad, which represents a rise of 17% from six months ago and a 14% increase from a year ago.

Brits intending to move abroad have said they would only consider staying on home turf if taxes were reduced in Britain and if public services were improved.

Reports have indicated property located on a golf resort or close to one is a good choice when buying a property, investment or a buy to let.

The recent Golf Travel Insights report from KPMG, an accounting firm, showed that 60% of golf tour operators saw a rise in the number of golfing holidays in 2011.

Transferring money to Spain

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

So if you are sending money to Spain – which you will inevitably have to do if you are looking to make a property investment, be sure to compare the market before you buy your overseas currency.

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Wealthy investors take advantage of the struggling Euro

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