Corporate foreign exchange news

Published by Zeb BhamInvestors considering taking out a foreign property mortgage may be attracted to 'romantic' Caribbean locations such as Grenada and Barbados, according to Property Frontiers.Commenting recently, Christopher Chadd, project manager for the global real estate group, said that Brits have always been attracted to the Caribbean, although many people's hopes of living in the region are cut short by the cost of property.However, he explained that islands such as Grenada and Barbados offer all the romance of the region without the price tag."Grenada is rapidly becoming one of the premier Caribbean island destinations, but prices for property are probably a third of what they are elsewhere in the area," he explained.For those who are planning to take out a mortgage for foreign property in the area, Mr Chadd encouraged research into tourism growth trends to identify future capital growth hotspots.Earlier this month, A Place in the Sun placed the Caribbean ninth in its top ten property destinations list for 2010.For more information on purchasing currency for regular or one-off payments, visit our Personal FX site