68% of Brits considering buying abroad

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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