Brits: 43% want a place in the sun
More than two thirds of British people would like to buy a foreign property as a long term investment, a new report has revealed.
The research by Yorkshire Bank found this year’s bad weather caused the increase in British people considering buying a place in the sun.
To coincide with this development, Yorkshire Bank has launched its Buy Abroad, Feel at Home package, a unique and comprehensive start to finish service which aims to make buying abroad easy.
Yorkshire Bank’s research follows reports this month from Scottish Widow that British people are increasingly considering property investment as an alternative to a pension fund.
Property analysts in recent months have highlighted that markets such as Spain are now reaching saturation point and those looking for lucrative investments should focus on the emerging markets, such as Brazil.
Director of the Global Property Guide, Mike Dunkerly, said: "You have one chance to make money by being an early bird and two chances of losing money by buying in phases two and three."
The Brazilian tourist board Embratur this month announced record tourist figures for August.
Revenue figures of $431 million (£222 million) from foreign tourism were reported for the summer month alone, which is a 16.03 per cent increase compared to last year’s figure.
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