Here are some of the key statistics revealed in Savill’s most recent Second Homes Abroad report:
1. The report estimates an increase of 35,000 British homes owned abroad in the past 12 months.
2. Key driver demands remain; price differential and idyllic holiday locations,
3. Invesotr’s typical rent out period for 2007 was 18 weeks, with rents averaging at close to 700 Euros per week which brings gross yields to approximately 5.4%.
4. The report anticipates slower growth in second home buying activity - nonetheless, buyers remain optimistic over the long term
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