London, UK (PRWeb UK) November 24, 2010
According to a recent report from property portal PrimeLocation, thousands of people in the UK are scouring the European market for bargain properties. The most popular European destinations for property in are Spain, Portugal, Italy, Ireland and Greece with searches in these countries up 134 per cent in the last year.
Buying a house abroad can of course involve sending money abroad to various agents and making international bank transfers for mortgage repayments, utility bills and general repairs. With many high street banks imposing transfer fees and commission rates, it's important to take advantage of money-saving opportunities. For example, Post Office International Payments offers certain benefits for overseas property owners looking to arrange regular international bank transfers.
Post Office International Payments service helps people buying property abroad cut costs on making foreign money transfers by offering a fixed exchange rate for up to a year. This will ensure that people making regular international bank transfers know exactly how much money is being transferred each time. Post Office International Payments service also offer no fee on sending or receiving money, making international bank transfers a cost effective option.
Post Office International Payments Service also makes sending money abroad quick and convenient offering people the chance to arrange foreign money transfers online or over the phone.