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Overseas Investment

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Overseas investment property and homes overseas has become a worldwide business over the past decade with thousands of people from all nationalities ready and eager to move from traditional homestead areas to pastures new around the world.

The office of National Statistics announced that over 190,000 Britons left the UK in 2004 to live abroad that's an increase of over 9% on the previous year. Factors that have contributed to the growing trend of owning a holiday home abroad include

• Higher earnings - higher national wages
• Rise in property values - many people have used equity in their existing property to buy abroad
• Low Cost Airlines - cheaper flights from Ryanair and Easyjey have opened up cheaper travel
• Poor Pension Performance - many people have taken control of their pension funds to manage personally on buying property abroad
• Property Ladder - many young people are turning to overseas property in an attempt to get onto a property ladder as the UK market spirals out of their reach
• Lower cost of living - in most countries abroad the cost of living is cheaper.

The list above is by no means exhausted but shows the main reasons why British people have continued to invest in overseas property over the past decade.