Londoners most keen on living abroad
June 22, 2007 by admin
Filed under News, News-Mortgages
People living in London are the most likely in Britain to take out a mortgage on a foreign property.
New research by Bank of Scotland International (BSI) shows that eight per cent of Londoners already own a home abroad.
In addition, a further 52 per cent have considered making a move overseas, putting Londoners well above the British averages of four per cent and 42 per cent respectively.
Those in the capital who already own a foreign property are closely followed by the South East, where seven per cent of people are already on the foreign property market.
The most popular foreign destination to set up home for Brits is Australia, with ten per cent saying that they would consider upping sticks and moving down under.
France is the top European destination and is closely followed by Spain.
“Londoners certainly are the most active when it comes to moving abroad or buying a home abroad,” commented Tony Wilcox, managing director at BSI.
“When looking to live temporarily or permanently abroad it is important to have the right products and services in place.”
Moving abroad can have many financial benefits for Brits who have had enough of the high property prices in this country, however, careful consideration and planning must go into the move for it to be a success.
