In the UK specifically, National Statistics revealed that the number of Britons owning second homes abroad now stands at close to 300,000. With further research showing that a further 29 million Brits would like to buy a property abroad and 11 million could actually own one by 2012.
Spain remains our top get away destination with 46% of prospective buyers aiming to buy there, this is attributed to the fact that, the climate is reliable and travel to and from is affordable and time efficient.
However, far flung destinations such as Australia, Canada and New Zealand are also increasing in popularity. Our favoured type of property to buy would be a villa by the sea, accounting for almost 49% of the popular vote.
Almost 20% favoured a house in the countryside, and only 5% of buyers would consider an apartment located within a city.
The number of people looking to emigrate increases annually, and is attributed to many of us seeking a complete lifestyle change.
Purchasing a property outside your Country of residence makes it an offshore investment regardless of destination. The offshore property market is colossal and still experiencing mammoth growth. |
