Good looking house with outbuidings - ID 2483

Why We are Buying Property Abroad 18/03/2008
In an incredibly witty blog entry by Penny Wise published on the LowTax.net website in early December, the writer comments that by about 2020 the UK will be inhabited by “Polish plumbers, Turkish bricklayers, Russian billionaires and Brazilian football players” because the rest of us will have all bought property abroad and expatriated! I’m not sure if Penny Wise is completely correct in her findings, but then the most recent statistics do reveal that 3.8 million Brits and Irish already own overseas real estate – meaning that if you count each family as having an average of four members, 15 million of us can escape abroad if we want to already. So why are we all buying property abroad? Well, there are many reasons cited by those surveyed with the majority buying property abroad as... more

Credit Crunch 'boosts Overseas Property' 07/05/2008
The ongoing credit crisis is prompting some people to take the plunge and invest in a foreign property, an expert has said. According to Paul Collins of the BuyAssociation website, foreign property ownership is becoming more and more popular in the UK. This was partially attributed to economic issues such as the slowdown in the British housing market, as this has prompted some investors to seek potential opportunities overseas. He added that the credit crunch is also having an effect, as many are losing confidence in the amount of money they have in their UK property. Mr Collins commented: "When things start to show signs of taking a downturn it can actually steel people into making a decision." This comes after Exchange Bond predicted that the number of foreign properties... more