Bank of Scotland finds two fifths opt for property abroad

18 May 2007
Two in five Britons are eager to buy property abroad, whether as an investment or with the aim of emigrating, Bank of Scotland International has revealed.

The most desirable global destination for would-be migrants was Australia, with ten per cent of people eager to move Down Under, followed by New Zealand, at nine per cent.

Four per cent of people surveyed already owned a property aboard, but a substantial 42 per cent of their peers wanted to jump on the bandwagon.

But homeowners looking to relocate off-shore should remember the implications for their personal finance, commented Bank of Scotland International's managing director Tony Wilcox.

"There are many aspects of life which British expatriates have to adjust to and personal finance is no exception," he said.

Meanwhile, France was voted the favourite European destination for moving abroad, attracting six per cent of people, while sunny Spain caught the fancy of a surprisingly slim five per cent.

The French property market is a "safe choice" for making a profit as an investor, the managing director of French property company VEF said this week.

Find out more about properties abroad

track© Adfero Ltd