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UK exodus set to continue - 14 September 2007

With record numbers of British citizens leaving the country over the past 12 months to start a new life overseas, currency exchange specialists Moneycorp have revealed research suggesting that the autumn months will see a further surge in people buying properties abroad.

Examining numbers of enquiries made to the company in 2006 about exchanging Sterling into another currency in order to buy a property overseas, there is an increase of some 26 per cent in the period immediately following the summer holiday season.

There is a definite logic to the idea that many people use their summer vacation in order to hunt for property overseas, or even that they decide while sitting on a beautiful terrace watching the sun go down over a foreign sea that they really don’t have to stay in the UK all of the time, and can get themselves a bolt-hole in the sun.

Nick Bull from Moneycorp says: “Our figures show that the number of people buying abroad has a significant peak in the early autumn as many people use their summer holidays to hunt for their ideal second home. Interest in buying abroad can quickly strengthen after a few weeks back in Britain as the days shorten and the weather takes a turn for the worse.”

Consequently, the overseas property market is geared up for this influx of enquiries, and the autumn months see major exhibitions happening every weekend. As ever, BuyAssociation has been working with the organizers of the biggest and best overseas property exhibitions to bring you the opportunity to get on the path to owning a place in the sun (or snow) for free. Check out our Competitions page for free ticket and other exhibition offers, as well as our comprehensive calendar of exhibitions.

 

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