Britons Still Buying Abroad!

A study conducted by the real estate firm Savills and the travel agents Holiday-Rentals.co.uk, suggests that Britons who own property overseas were not questioning their decision to buy a second home abroad, despite steep rises in the cost in airfare to reach those destinations (66%). Furthermore Savills’ director of research points out that the number of British second homeowners buying property in exotic locations is rising. She believes that buying an overseas property, both for leisure and investment purposes, remains a key aspiration for many Britons, who are first and foremost attracted by the prices of property outside the UK.

Around 35,000 properties have been purchased in the past 12 months. 67% of all purchases falling into the leisure, and those buying purely for investment accounting for the remaining .
17% of purchases.