Global Currency Exchange deals

In these tough times, it’s rare to find something that is genuinely for free. Globalprops.com is a worldwide property portal that has just been launched.

HOWEVER, it’s not like all the other free-to-load property sites. If you are an estate agent, inmobiliaria, immobilien, you can have a free web site and save all those costs you have to bear all the time. ….. The site hosting, maintenance, and search engine positioning.

If you want a free property web site, read on.

The catch? Well, to get it for free all you have to do is send your foreign currency clients to Global Property Exchange Network exclusively. It really is that easy! This site is maintained by 1strealestatenetwork, past masters in Real Estate search engine positioning.

If you’d like to see more, visit Globaprops.com here and contact the site operators for details of how you can:

1. Have your website for free, with your current web address
2. Get your properties for sale, advertised worldwide on Globalprops.com
3. Get your properties listed on a major site, BuyMyVilla.com for free as well.

Find out more about Global Currency Exchange Network, and their Currency exchange services including overseas pension transfers, money exchange with most currencies including Euros, Dollars, Australian Dollars, and British Pounds, go to the currency site.

 This wonderful luxury, beachfront, villa on Ibiza, is for sale through Gatehouse International.

Villa Los Arcos offers wonderful seaviews and has access to 2 beaches. The villa has 6 bedrooms and is on a good size parcel of land. The sunsets are fantastic.

The villa is for sale for 2,300,000€. More information and pictures…

Getting the best currency exchange rate available today.
The steady decline of the Pound against the Euro has fuelled much debate over whether the currency exchange rate avaliable today, at about 1.26 Euros to the 1 Pound, is aiding the slow quantity of property bought overseas.

There are even several new initiatives to seemingly offering the best euro / pound exchange rate. Some developers are even offering to fix the exchange rate to 1.4 Euros to 1 Pound, so that a buyer of their overseas properties is perceptively not losing out on the exchange rate. The truth of it is that the price that you pay for the property is probably higher than you might pay if you just accepted the ‘Real’ exchange rate and negotiated a little harder on the price of the property.

Consider this: You are looking to buy a property at €200,000. Generally, you could raise a local mortgage of 70% of this, leaving a need to transfer 30% of the purchase price (€60,000) plus 10% to cover all costs (€20,000).
You will have to change enough Pounds to pay a total of €80,000 at some point.

• If you simply exchange Pounds for €80,000 at todays best currency exchange rate, (1.26), you will need £63,492 Pounds.
• If you take someone up on the offer of an exchange rate at €1.4 Euros to 1 Pound, you will need to change £57,143 Pounds.
• Clearly the better exchange rate will appear to make a saving of £6,349.

The question is… Did you get the best deal on the asking price of the property? Maybe, you could have negotiated more than £6,400 off the price?

currency conversion by professionals

In principle, there’s nothing wrong with these great exchange rate offers, but ask a few more questions of the builder. The builder may prefer to simply reduce the price. Try using an estate agent that is used to working on an International basis, like Gatehouse International, as they will be able to offer both types of exchange rate deals. You can then choose the deal that suits you most.

For the best currency exchange deals, get a free account with Global Currency Exchange Network and let us let you know when the best rates are available.

5 ways to make a money transfer.The world is getting smaller financially, and with more business deals between the West and the East, the cost of making a money transfer is becoming more important to all, including small start-up importers, large established concerns, and even travellers who need more spending money transferred to a local account.

The problem is the cost of the money transfer. On small amounts, the charge made by a high street bank, to make a money transfer, can almost wipe out the amount being sent. This is especially true when you add on the charge made by the receiving bank.

To put it bluntly, if you are making a regular money transfer abroad, you need to seek out less expensive ways to do it. Commonly, a British Bank will charge over 30 GB Pounds just to initiate the transfer, then they take a large slice of your cash with an expensive foreign exchange rate. Then… the bank at the receiving end makes a charge as well!

currency conversion by professionals

Global Currency Exchange Network, a specialist foreign exchange brokerage, can limit these expenses greatly by not charging for the money transfer, giving a more competitive exchange rate, and in some cases, arranging with the bank overseas to waive their recipient charges.

There are various different ways to make a money transfer, here are a few:

SWIFT
This is the most common method of money transfer. Your local bank is likely to charge you anything from 12-35 GBP. Add on the foreign exchange commission and the possible charge at the destination bank. This normally takes working days but you can request an urgent SWIFT transfer, for an extra cost. It reduces the time for the money transfer to between 3 and 5 working days.

Euro CHAPS.
This is a method used to make the money transfer to select European Countries for around 25 GBP, plus the foreign exchange commission. This normally takes between 2 and 3 working days. Charges can also include the (by now familiar) receiving charges as well.

TIPANET
Unless you ask for this, most banks won´t offer it. Tipanet is a system where, for a small charge (around 10 GBP), plus the foreign exchange commission, you can make a money transfer to 6 countries. There are limits to the amounts you can send though and it usually takes 5 working days. The receiving bank may charge you for receiving funds.

Online Payment Services
By now you´ve probably heard of most of these.. PayPal MoneyBookers etc. These are now well established online banks and they offer various online payment options. Moneybookers, claim that you just need the email address of the recipient in order to make a no-commission transfer, which will cost no more than 0.50. However these sytems are mostly used to make very small payments as most people prefer to deal with a business that is accountable when transferring larger sums of money.

Paypal and Neteller are better known services. If you open an account with them, you can send money within minutes to other account holders. You may pay no fees for the transfer, but you pay a fee on the foreign exchange rate. Paypal, for example, charges 2.5%. Also, the recipient often has to pay a fee as well. the exchange rates can be uncompetitive at times.

Foreign currency brokerage specialists
These businesses are perfect for anything from making regular overseas pension transfers, right through to transfers in the millions. They offer a highly peronal service and a good broker can become an integral part of any business which regularly imports or exports. Some brokerage specialists, such as Global Currency Exchange Network offer a commission free service.

They also make the transfers for free. And, in some cases, they can pre-arrange for the receiving bank to waive their recipient fee. While this is useful for larger amounts being transferred, the regular money transfers for transactions like pensions and mortgage payments, can be almost wiped out by the charges that banks made.
Couple this with the speed of the transfer, usually 2 working days from receipt of cleared funds, it´s difficult to understand why someone would use their local bank.

To read more about making money transfers …

Read more on Foreign Exchange Terms …