Brits advised to use currency exchange brokers

Fri, 29 Apr 2011 00:00:00 GMT

Brits looking to buy property abroad have been advised to take advantage of the services offered by specialist currency companies.

Paul Collins, editor at BuyAssociation, said that using accredited organisations will help to protect investors from unexpected currency fluctuations, noting that they can have a "huge impact" on the cost of a home overseas.

"As long as you know what you are investing in and when you will need that cash available, you can fix the exchange rate so that you know exactly how much it is going to cost you, regardless of the exchange rate fluctuations," he explained.

The news could lead to an increase in the number of individuals hoping to purchase property in the Dominican Republic looking to change their money through a currency broker.

It comes after a recent study by insurance firm Aviva found that some 54 per cent of 18-to-54-year olds would consider relocating overseas.

Real Estate & Currency Exchange News in Dominican Republic from Propertyshowrooms.com

Brits advised to use currency exchange brokers