Investing abroad

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Thousands of Britain's have invested in overseas properties. Amongst the most popular countries are Spain, France and Turkey.

There are several reasons which account for why people have done this:

  • As house prices have risen to record levels in the UK it has made house prices in other countries seem attractive when compared to Britain.
  • The interest rates in Europe are currently substantially lower than that of the UK making a euro mortgage that much cheaper.
  • People who have been bitten by the property bug have been keen to find the next up and coming place and have been investing in even relatively unstable countries in the hope of large capital gains.
  • The British weather - most people like seeing sunshine and properties abroad that offer a higher temparature, more sunshine and less rain than Britain are always going to be popular.
  • The emergence of low cost airlines which have made it a lot cheaper to regularly fly to destinations abroad.