Owning a home in a hot country has become more than a fantasy for swathes of middle England. Currencies Direct has capitalised on this trend with a foreign-exchange service for individuals buying properties abroad, with offices in Spain, Cape Town, India and Australia. Its corporate customers include Allied Pickfords and Parador Properties. Chaired by Mayank Patel, a former City broker, the company has grown sales 58% a year, from an annualised £176m in 2001 to £700.5m in 2004, though margins are slim.
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