Spain Still Reigns but for How Long? ; As More Britons Flock to Live Abroad, They Look Beyond the Costas

Summary

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While the domestic property market is fast coming off the boil, British buyers are showing no loss of appetite in finding their bargain bolthole overseas. According to a plausible guesstimate from Sainsbury's Bank, 112,000 homeowners are planning to move abroad over the next six months, adding to the 1.4million Britons who now own an overseas property.

Within eight years, it is estimated that one in eight Britons aged over 55 will be living abroad. The question arises of where they will actually go. In the past, the obvious answer would have been Spain and its islands.

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Extract

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Spain Still Reigns but for How Long? ; As More Britons Flock to Live Abroad, They Look Beyond the Costas

But these days the British are proving to be remarkably openminded over where they plan to go lotus-eating in the sun.

According to lates...

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