Brits investors look at environmental factors
Britons looking to buy second homes overseas are beginning to take environmental factors into account when choosing their location.
One in four people said they would look for a overseas property that was only a short distance away from the UK, 26% of whom claimed this was for environmental reasons.
Around 4% of people also said they would only invest in a property overseas that they could get to from the UK without having to fly, according to property group MRI Overseas Property.
But despite these environmental concerns, being close to a beach is still the main factor people take into account when buying a second home, cited by 40% of people.
Other criteria included being close to an airport or major train station, being in an urban location and being close to good medical facilities.
Property in Spain remains the top choice of location for people looking to make property investments abroad, with 50% saying they wanted to buy there, followed by France at 36% and the United States and Canada at 35%. Italy and the Algarve in Portugal both also made it into the top five locations.
But the group said there had been a 25% drop in the number of people who would consider buying a second home in Australia or New Zealand compared with 2006.
Darragh MacAnthony, group chairman of MRI Overseas Property, said: "With a staggering 55% of UK adults considering buying a property abroad if their funds allowed, buying a holiday home overseas is a dream purchase for many people.
"However choosing the right location for people who make the dream a reality is a major decision. This can mean having a longer list of criteria before buying a property rather than purely focusing on a destination that offers the right lifestyle, such as easy access from the UK to fit overseas visits easily into family life or good local medical facilities."
Property Investments Worldwide
Spanish Property Sales
Source: UK Google Press
One in four people said they would look for a overseas property that was only a short distance away from the UK, 26% of whom claimed this was for environmental reasons.
Around 4% of people also said they would only invest in a property overseas that they could get to from the UK without having to fly, according to property group MRI Overseas Property.
But despite these environmental concerns, being close to a beach is still the main factor people take into account when buying a second home, cited by 40% of people.
Other criteria included being close to an airport or major train station, being in an urban location and being close to good medical facilities.
Property in Spain remains the top choice of location for people looking to make property investments abroad, with 50% saying they wanted to buy there, followed by France at 36% and the United States and Canada at 35%. Italy and the Algarve in Portugal both also made it into the top five locations.
But the group said there had been a 25% drop in the number of people who would consider buying a second home in Australia or New Zealand compared with 2006.
Darragh MacAnthony, group chairman of MRI Overseas Property, said: "With a staggering 55% of UK adults considering buying a property abroad if their funds allowed, buying a holiday home overseas is a dream purchase for many people.
"However choosing the right location for people who make the dream a reality is a major decision. This can mean having a longer list of criteria before buying a property rather than purely focusing on a destination that offers the right lifestyle, such as easy access from the UK to fit overseas visits easily into family life or good local medical facilities."
Property Investments Worldwide
Spanish Property Sales
Source: UK Google Press
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