14 November 2005

Overseas property investment

A static housing market has done nothing to dent the nation’s love of property investment; it has just turned its attention to opportunities available in overseas markets. Because, according to Barclays Bank, the number of people who own an overseas property is set to double to 4.4m, virtually 10 per cent of the adult population.

Barclays estimated that 2.2m currently own overseas properties and another 2.2m say they definitely going to buy an overseas property in the future. A staggering 37 per cent of respondents to its survey (which equates to an almost unbelievable additional 16m people) said that they were considering a purchase abroad.

More here.