With the weather in the UK turning to winter it is no wonder Brits accross the nation are looking to sunnier climates to take away the chill.
However, a leading publication and a leading property website have reported that a growing number are looking to buy holiday homes in their favourite holiday spots!
Spain is popular with short haul but Florida really is top when looking for a long haul holiday home.
HiFx the Currency exchange experts have reported that 29 million Brits would like to buy a property abroad with 11 million that could actually own one in the coming 5 years.
Reasons for owning are more concerned with a lifestyle choice rather than making money from the property – in 1995 the average price of a property purchased abroad was 65% compared to UK prices, by 2005 just ten years later this had shrunk to 37%.
HIFX also found that 62% of people looking to buy abroad are looking to escape the UK weather whilst 50% are looking to buy to escape the long working hours, high taxes and stressful busy life in the UK, whilst 25% are considering making their move permenant!
Country Life says that 31% of Brits are looking to buy a holiday home with a quarter doing so to avoid the stresses of going on holiday.
They say that 6 in 10 plan to live abroad permenantly and a fifth are looking at leaving for retirement – 17% plan to leave the UK within 5 years.
If you are considering buying a holiday home in Florida please contact us today to see how we can help you make your dream of owning a Florida home a reality!
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