UK buyers dominate French holiday home market

Share Article

The Post Office offers advice for second home owners making frequent international bank transfers.

UK buyers dominate the overseas second home market in France, comprising more than a quarter (27 per cent) of all non-resident owners, according to a recent report from Savills.

For those who own a second home in France, or for UK residents who are looking to purchase a second home abroad, the Post Office recommends examining any potential costs that can be incurred when making regular international bank transfers.

Foreign money transfers are often vital for second home owners when organising the practicalities of a house purchase, such as paying utility bills and making mortgage repayments. However, international bank transfer transactions can often incur high commission fees. The Post Office advises buyers and potential buyers that by shopping around they may be able to secure good deals on international bank transfers when sending money abroad.

Customers who use the Post Office's International Payments service, for example, can enjoy 0% commission and no fees when sending money abroad, as well as a convenient service offering competitive exchange rates.

The Post Office also reminds UK international homeowners that sending money abroad regularly does not need to be an intimidating process as customers can access the Post Office's International Payments service online or over the phone, making international bank transfers a straightforward way of sending money abroad for all the necessary payments involved in purchasing and owning a second home abroad.

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Eulogy! PR
Visit website