France Leads the Way in Popularity for People Across the UK Purchasing Properties Overseas

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The Post Office advises those investing abroad to research their international money transfer options

France is still the most popular country for overseas property purchases by people across the UK, according to the latest overseas property ‘hot spots’ report compiled by Conti. Spain remains in second place with Turkey holding onto third position.

Post Office International Payments advises advises anyone looking to purchase property overseas to consider their international money transfer options, as they may need to send money abroad on a regular basis to cover costs such as mortgages and repairs on their home.

The Post Office is advising all those considering making an overseas property investment to shop around in advance for the best deal on their international money transfer service in order to avoid unnecessary fees and charges when sending money abroad.

Many high-street banks impose significant charges on their international money transfer services. As many customers regularly send money abroad to cover bills, maintenance charges and other expenses, these extra costs can potentially mount up. The Post Office is therefore reminding people how essential it is to find a competitively priced money transfer service.

For example, the Post Office International Payments international money transfer service offers no fees for sending and receiving money, 0% commission and a fixed an exchange rate for a year.

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