FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

Number of Brits keen to buy abroad doubles

The number of Brits hoping to buy property abroad has doubled in 2007, according to Barclays, perhaps as a result or one of Britain's wettest ever summers.Many look to relocate overseas as an antidote to high property prices, rising crime and long working hours, but the new figures from Barclays show that Britain's miserable weather is a big deciding factor too. The figures are based on the number of enquiries received by Barclays for their locally based mortgage services in Spain, France, Portugal and Italy. The early summer months were the wettest ever recorded, with flooding in many parts of the country and more than double the usual rainfall neatly corresponding with the increase in the number on people looking into buying abroad. Richard Exton, director of Barclays Buying Abroad said: "Brits are familiar with the idea that we only have two seasons: the winter and July. "It seems that this year, with the terrible weather we have experienced in July and throughout the summer many people are not prepared to sit through a year-long winter and are looking for a getaway to sunnier climates."

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue