Sunday, 25 September 2011

Purchase of holiday homes on the rise...

Contrary to popular belief regarding the state of the property market overseas, the number of houses abroad being purchased by Britons is on the increase. One of the largest ever surveys of holiday homeowners overseas has showed that despite decreases in house prices ranging from 50% in Spain to 10% in France, the number of Britons buying abroad has in fact increased during the property market crash. 

According to research by lettings website and Savills, the figure representing the number of homeowners in Britain who posses holiday homes abroad has leapt to a record high of 430,000 in 2010, where as in 2006, only 385,000 Britons owned holiday homes overseas. 

The author of the report, Rebecca Gill from Savills has said that, “It’s even more surprising because some previous owners will have sold in the interim. The net increase means there has been a sizeable number of Britons buying abroad since 2006.”

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