Corporate foreign exchange news

Overseas property returning to popularity

Wednesday, 09 March 2011 08:54:48 GMT

Published by Jamie Jemmeson
More people are considering foreign mortgages for a home abroad, a sector expert has suggested.
While people have been apprehensive about making such purchases over the past couple of years, more individuals are now considering a second home, Amanda Lamb from A Place in the Sun has argued.
Her comments follow figures released by A Place in the Sun Live which showed that housing market collapses in various European countries have created opportunities for British buyers.
Prices in Spain have fallen by an average of around 40 per cent, the figures demonstrate.
Ms Lamb said that alongside Spain, the best places to buy are France, Portugal, Italy and Florida in the US.
One of the most attractive things about Spain is that it can cater to all tastes, she said, noting that different regions have varying attractions for all kinds of people.
By working with a forex dealer when making large overseas payments such as those for a home, individuals can make sure they get the best exchange rate for their money.
For more information on purchasing currency for regular or one-off payments, visit our Personal FX site
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