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Three out of four Brits looking to invest overseas, says N&P

17 November 2004
According to new research from Norwich and Peterborough Building Society (N&P) three out of four Britons are looking to invest in an overseas property.

Spain is the location most preferred, with a home in France and Portugal also highly desired.

In fact 38 per cent of the people questioned said that they were considering have a property built for them overseas.

"We have seen buying abroad grow rapidly in popularity since we started lending in Spain in 1998 and it's estimated that one in four properties on the Costa del Sol is now owned by Britons," said Mike Sketch, N&P's head of retail operations.

"As long as customers do their homework and sums before taking the plunge, there's no reason why they can't have the home of their dreams in the sun," he added.

To read more about investing in Spanish property, click here.
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