Friday 20 May 2011

Overseas Property Agents / Property Buyers / Rental Property
20 May 2011
  • United Kingdom

Older Brits increasingly looking to purchase second homes abroad

Older Brits increasingly looking to purchase second homes abroadArticle Date : 08 May 2011      A growing number of older British homeowners have a property abroad, new figures from the Office for National Statistics (ONS) have revealed.One in seven couples nearing retirement age has decided that the best way to secure their future is through a second home, Overseas Property Professional reports.The ONS reports that a significant proportion of the quarter of a million or so individuals have their second home located abroad.It could encourage potential buyers to consider purchasing property in Spain.There are a number of opportunities to pick up a bargain at present, with a number of bank repossessed homes now finding their way back onto the market.This is the first time that the ONS has worked out how many households between the age of 50 and 64 have more than one property.
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