Corporate foreign exchange news
Foreign currency buyers 'should consider Norway for property'
Tuesday, 05 January 2010 09:43:18 GMT

Published by Mark Smith-HalvorsenThose planning an investment in overseas property should consider Norway, which has held the top spot in the UN Human Development Report for the last six years.According to the Daily Mail, the country boasts excellent healthcare and public services and generates stable national wealth from the sale of natural resources including oil, gas, timber and hydroelectric power.Speaking to the paper, Per Hjorth, Norway director of Scandinavian property firm Newsec, commented: "The market is hot. The Norwegian economy is robust because of oil; we didn't feel such an impact from the world recession."He also added that the country has a low population size comparative to its total acreage, meaning there are plenty of opportunities to get in touch with nature, a rare luxury in many parts of Britain.For those planning a move to Norway, Expat Focus has reported that while property can be expensive, it is built to a very high standard, and mortgage finance is available from domestic banks.Researching the best exchange rates on foreign currencies could also help to ease the cost of buying property abroad.For more information on purchasing currency for regular or one-off payments, visit our Personal FX site

