Credit crunch leads to ‘more Brits moving abroad’
An increasing number of Britons are looking to buy property abroad, it is claimed.
Research carried out by Bridging Finance Limited suggests poor weather and the credit crunch are leading more consumers to consider moving, those buying property in Brazil may be interested to learn, reports Homesworldwide.co.uk.
Chris Baguley, managing director of the firm, told the source many Brits are looking for property, such as Brazilian real estate, either as an investment or a permanent home.
He added: "Difficult market conditions in the UK mean many are unable to sell their home, but the capital from a bridging loan secured against free equity is often sufficient for them to take advantage of property bargains overseas."
Meanwhile, while the credit crunch grips the UK, Brazil is enjoying an economic boom, reports the Move Channel.
According to the source, those with property in Brazil can benefit from rising employment levels and a strong housing market.
