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GREAT BRITAIN: British purchases driven by lifestyle not investment
One in six Brits (15%) plan to buy an overseas property this year with 17% more buyers likely to treat this purchase as a permanent move overseas. FCD (foreign Currency Direct)in its year long survey found that the weakening pound against the Euro has led to a 70% rise in the number of Brits looking to buy overseas holiday homes for lifestyle reasons, with 47% less likely to buy as an investment.
The poll of 2,000 found that the UK weather is also an increasingly important factor in the decision to buy abroad with a 48% increase citing this as the main reason along with rising cost of living for getting out of Britain. If searching for that idyll in the sun is now the most cited reason for leaving Britain, Own A Home Abroad can help that 15% find what they are looking for. There is an abundance of choice, which can be daunting so good advice is paramount. The global property experts at Own A Home Abroad have a wealth of knowledge based on real experience and will be delighted to help in this lifestyle choice.
