August 23, 2007
Overseas property investments double
There has been a rise in the amount of UK investors looking at buying property overseas. And the figure has virtually doubled in the past year.
The main reason for this rise is for, a relocation choice, where they can set up and start a new life, or as an investment with a view to retires abroad in some year’s time.
As you would expect France and Spain are still the top of the favourite destinations for buying a home, but these are closely being caught up by more exotic countries such as South Africa and Dubai, despite the huge travel times, these new destinations are fast becoming hot property.
The main reason for leaving the UK? As if you didn’t know, the bad weather, social problems and property prices. Yet at the same time, as people are selling up and leaving the UK, there are twice as many people coming in and buying property in the UK!
Source [London Stock Exchange]
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