Corporate foreign exchange news
Foreign currency trades could rise with investment interest
Friday, 18 December 2009 09:10:22 GMT

Published by Zeb BhamThe number of people buying foreign currency for large transactions could rise in the months ahead as confidence in international property markets returns.According to homesgofast.com, the number of people searching for foreign property doubled last month when compared to November 2008.Nicholas Marr, chief executive officer at the overseas property portal, said that while many people have been watching the market in 2009, there could be a surge in foreign property sales next year as investors set their sights on undervalued markets overseas."Savvy investors all know that profits are made on the purchase and the UAE, in particular Dubai, may benefit from bargain hunters," he explained.Mr Marr added that researching a potential investment market thoroughly is essential to the buying process, while investors could also make their money work harder by hunting down the best foreign currency deals available.In November, homesgofast.com issued its top ten list of the hottest property destinations for 2010, placing Brazil, France and the US in the podium positions.For more information on purchasing currency for regular or one-off payments, visit our Personal FX site



