Poor summer has Brits looking to sunnier climes
This year's miserable summer has a record number of Brits to looking to buy a property in sunnier climates, according to Yorkshire Bank.According to the bank's research, as many as 43 per cent of us are now considering the idea of buying a place in the sun, while the number of Brits who already own a property abroad has risen by 45 per cent to 800,000 in the last couple of years. The biggest draws were found to be better weather and a more relaxed lifestyle, although many also saw the move as an investment that would stand them in good financial stead in the future.Steve Reid, Yorkshire Bank's director of retail banking said: "Buying a house, let alone buying one in a foreign country, can be a challenging business. Despite this, Brits are still convinced that owning property in Spain is a financial decision worth pursuing. "It's therefore important that buyers can use a trusted UK bank and deal with an English-speaking representative who will see them through the process from start to finish."
Share this..
Related stories
Job cuts on the way!
A study by KPMG and the Chartered Institute of Personnel and Development has unlocked some very distressing figures for the UK employment market in the short to medium term. A third of the 600 employers surveyed in this latest report suggested that they were looking to reduce their headcount over the next three months. This is the worst figure for this type of survey for over 12 months and does no...
Read MoreUK unemployment down to 2.47 million
UK unemployment fell by 34,000 in the 3 months to May, now standing at 2.47 million, which is very much in line with analysts expectations. However, despite the fact that overall unemployment is down to 7.8%, against initial forecast of 7.9%, there are growing issues with regards to the UK employment market and the outlook for the future. So what can we expect? Unfortunately, despite the fact t...
Read MoreSouth West trains announces 480 job cuts
The unions are this evening outraged at plans to axe 480 jobs with South West trains only days after the company announced substantial fare increases for passengers. There is concern that the rail providers are using the current downturn as a way to trim their costs and trim their staff numbers when in reality they are faring better than average.
It is also worth reminding ourselves...
The UK economic collapse : lesson one
There are many factors which have affected the UK economy over the last 18 months but one of the major impacts has come from the regulatory operations within the UK. For many years a number of analysts have been suggesting that the UK system was to "lax" as the so-called "self-regulatory" system allows UK financial businesses to have far too much influence on the ongoing regulatory framework.
Read More
Pensions Regulator issues new guidelines
The Pensions Regulator has today issued a raft of new guidelines aimed at defending the interests of pension fund members as more and more companies in the UK continue to struggle financially. We have seen a number of changes in the pensions industry over the last decade but the last couple of years we have seen more and more final salary schemes close to new members and indeed many have actually...
Read More