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| Send Money Overseas |
May
is drawing to a close and you can expect to end the month on a highly positive
note. Here is coming encouragingly amazing news form the horse’s mouth. James
price, the head of international residential development at Knight Frank has
observed increasing outflow of pound to the foreign shores as the Britons are
taking interest in fleeing the domestic market to make investment on the
foreign soils. The reason behind such trend is the rich UK buyers are being
driven to congenial climate where they can make long-term investment and get a
rewarding return on it.
Mr.
Price has not sighted ‘UK recession’ as the possible reason for such fund
escaping to the foreign countries. The wealthy UK residents have decided to
move their funds to overseas countries due to high tax factors. So, no apparent
recession ‘jerk’ within USA is causing money-draining but some other factors have
been creating suitable ground for such a move in great measures. However, the
hand of recession can’t be played down in this context.
We
know that the recent recession has spewed its malignant effect along the length
and breadth of the globe. And so, Mediterranean countries are not immune to powerful
economic downturn. As recession still continues (though expected to be in its
last lag), so the real estate prices are supposed to be lower in these regions implying
that property purchase in these countries is a profitable proposition. An overwhelming
number of Brits are getting enthusiast to Send Money Overseas to buy a second nest of their very own.
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