<Foreign property investment from the UK.
Summary.
All regions.
Number of Britons owning property abroad - between 1.25 million and 2 million.
Number buying in the last year ? 150,000.
Number planning to move abroad in the next 6 months ? 100,000.
Number of Britons owning property abroad by 2008 ? 3.12 million.
Jet-to-let market 2004 - £58 billion.
Investment in overseas property 2003 - £57 billion (approximately).
Average purchase price - £150,000.
Average purchase price for jet-to-let - £101,000.
Spain
Number of Britons owning property in Spain ? 500,000
Investment in Spanish property 2004 - £12 billion.
Investment in Spanish property by 2009 - £21 billion.
Average purchase price - £160,000
Number of properties bought 2004 ? 75,000
Number of properties bought 2003 ? 60,000.
Number of properties bought 2001 to 2003 ? 84,000
Number buying by 2007 ? 300,000
Portugal
Number of Britons owning property in Portugal ? 200,000
Number of properties bought 2004 ? 10,000
France
Number of Britons owning property in France ? over 500,000
Investment in French property - $4.14 billion (Approximately).
Average purchase price - £96,995
Dubai
100,000 second homes owned by Britons.
Cyprus
4000 properties bought by Britons in 2003.
USA
18,000 properties to be bought by Britons in 2004.
------------------------------------------------------
References.
All regions.
Around 1.4 million Britons own a property abroad according to
Sainsbury?s Bank. Over 100,000 Britons are planning to move abroad in
the next six months.
http://www.manchesteronline.co.uk/news/s/124/124023_brits_in_exodus_to_find_a_place_in_the_sun.html
According to Travelex, 1.4 million Britons own a property abroad with
150,000 buying in the last 12 months. (Source: A fistful of euros and
a one-way flight to Faro: Britons fall for allure of the Algarve.
Melanie Bien. The Independent Online Edition. 12 September 2004.)
http://money.independent.co.uk/property/homes/story.jsp?story=560783
According to Datamonitor, two million Britons own property in a
foreign country. (Source: First time buyers looking abroad. September
30, 2004. Kyero.)
http://www.kyero.com/scripts/news/2004_09_26_archive.php
According to Travelex, 1.25 million Britons currently own a property
abroad. 150,000 bought in the Eurozone in the last twelve months.
(Source: Travelex Press Release. Holidaymakers turn property seekers
according to research. August 19, 2004.)
http://www.travelex.co.uk/press/DOC_HOLIDAY_08192004.asp?content=rel
According to Saga, 1.38 million Britons own a property abroad. This
figure is set to rise to 3.12 million by 2008. (Source: Sardines by
the Plateful. Costa del Sol Property News.)
http://www.costadelsolpropertynews.com/sept2003/inside.htm
According to Blendon Communications organisers of the Homes Overseas
Magazine Exhibition, 2 million Britons intend to buy a property abroad
in the next five years. (Source: New Skys.)
http://www.newskys.co.uk/property_news/excel_gets_ready_for_homes_overseas_show/594/article.html
One in 14 Britons owns overseas property and one in three expects to
do so in the near future.
According to Abbey National France the average purchase price for
British Buyers is £150,000. (Source: Exodus to the Sun. By Argus
business staff.)
http://64.233.183.104/search?q=cache:9mHAwMPWFKcJ:www.thisiseastbourne.co.uk/eastbourne/archive/2003/09/19/BUSINESS2ZM.html+%22abbey+national%22++survey+%22foreign+property%22&hl=en
By 2020, 1 in 5 older people will be living outside the UK. (Source:
Medsea Estates Group Plc.)
http://64.233.183.104/search?q=cache:3QmUcWRyqiwJ:www.catalystinvestment.co.uk/Upload/Medsea.pdf+uk++%22spanish+property%22+spent+billion&hl=en
According to Barclays, much of the £57 billion unlocked in equity
during 2003 was used to purchase property in Europe. (Source:
Second-homers boost Costa property prices. By Nicky Burridge. July 14,
2004. ic Wales.) http://icwales.icnetwork.co.uk/1100holidays/0100news/tm_objectid=14426523&method=full&siteid=50082&headline=second-homers-boost-costa-property-prices-name_page.html
The jet-to-let market reached over £58 billion by December 2004.
Average purchase price was £101,000. (Source: Punitive prices force
first-time buyers abroad for property. By Nina Goswami. 23/01/2005.
Expat.telegraph.)
http://www.news.telegraph.co.uk/global/main.jhtml?xml=/global/2005/01/23/nprop23.xml&sSheet=/global/2005/01/24/home.html
An estimated 100,000 Britons have bought second homes in Dubai.
(Source: Dubai?s desert dream. January 2, 2005. Times Online.)
http://property.timesonline.co.uk/article/0,,14052-1425646,00.html
60% of UK home owners aspire to a place in the sun and 50% of those
aspire to European destinations. There are an estimated 570,000 UK
nationals living in Europe. The most favoured destinations are:
Italy ? 23%
Spain ? 19%
France ? 15%
Greece ? 13%
Portugal ? 11%
Cyprus ? 7%
Malta ? 4%
Elsewhere ? 8%. (Source: Retri Group.)
http://www.retrigroup.com/propecon/jan04.pdf
-----------------------------------------------------
Spain.
According to Parador Properties, British investment in Spanish
property hit £12bn this year. In the last year Britons bought 75,000
homes in Spain. Average price was £160,000. (Source: Brits feel at
home in Spain. Phillip Inman. November 6, 2004. The Guardian.)
http://www.guardian.co.uk/guardian_jobs_and_money/story/0,,1344373,00.html
According to Datamonitor?s ?Buying Property Abroad? report, 500,000
Brits own a property in Spain. 36% of the tourist housing stock in
Spain is owned by Britons. 37% of second homes owned by Britons
outside of the UK are located in Spain. (Source: A to z of Spanish
home buying jargon. 13/01/2005. HBOS plc.)
http://www.hbosplc.com/media/pressreleases/articles/halifax/2005-01-13-00.asp
According to Mintel, 84,000 Britons bought a second home in Spain
between 2001 and 2003.
In five years the UK Spanish Property market will be worth £21
billion. (Source: Half a million of us have bought a place in the sun.
By Nicole Martin. 04/11/2004. News.telegraph.)
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2004/11/04/nsun04.xml&sSheet=/news/2004/11/04/ixhome.html
An estimated 60,000 Britons bought property in Spain in 2003. (Source:
Pattaya Trader.)
http://www.pattayatrader.com/property_matter.htm
Spain predictions.
By 2007 there will be 300,000 Brits buying property in Spain. 36% of
all overseas purchasers.http://64.233.183.104/search?q=cache:KkNZdqgIvzgJ:www.ready-2-rent.co.uk/pdfs/r2r_eljimenado.pdf+uk+%22foreign+property%22+billion+brits&hl=en
------------------------------------------------
Portugal.
200,000 Britons own property in Portugal. (Source: Tax shake-up means
trouble in paradise. 12/01/2004. Expat.telegraph.)
http://www.telegraph.co.uk/global/main.jhtml?xml=/global/2004/01/12/propty.xml&sSheet=/global/2004/01/13/home.html
According to Travelex, 10,000 Britons bought a property in Portugal in
the last year. (Source: A fistful of euros and a one-way flight to
Faro: Britons fall for allure of the Algarve. Melanie Bien. The
Independent Online Edition. 12 September 2004.)
http://money.independent.co.uk/property/homes/story.jsp?story=560783
-------------------------------------------------
France.
Over a half a million Britons own property in France. (Source: Brits
trigger Le Price Boom. By Sean Poulter. Daily Mail. 11 July 2003.)
http://www.thisislondon.com/homes/news/articles/5711739?source=Daily%20Mail
Foreigners, mainly British bought over $10.3 billion worth of French
property last year. (The Discreet Charm Of A House In France.
September 6, 2004. BusinessWeek Online.)
http://www.businessweek.com/magazine/content/04_36/b3898166_mz035.htm
Brits account for 40% of foreigners buying property in France.
(Source: Investing for profit and pleasure. January 9, 2005. Times
Online.)
http://travel.timesonline.co.uk/article/0,,18789-1421194,00.html
Average amount spent by Britons on property in France - £96,995.
(Source: Britions keenest to buy homes in France. 21, October 2004.
The MoveChannel.com.)
http://www.themovechannel.com/sitefeatures/news/2004-october/21a.asp
------------------------------------------------
Cyprus
4,000 Britons bought property in Cyprus in 2003, an increase of 25% on
2002. (Source: Thousands of Britons have given the continent the
thumbs-up by buying abroad. Ownership of homes overseas is growing at
such a rate it?s almost impossible to find a developer who's done
badly over the last twelve months. PrimeLocation.com)
http://www.primelocation.com/international-property/overseas-round-up/
--------------------------------------------------------
USA
18,000 Britons are expected to buy property in the US in 2004 (mainly
in Florida) , up 50% from 2003. (Source: Buying Property in Florida.
Richard & Judy.)
http://www.channel4.com/entertainment/tv/microsites/R/richardandjudy/keep4archive/property_usa.html>
--------------------------------------------------
Additional links:
<Brits to invest in European property finds Zurich.>
<http://www.fairinvestment.co.uk/news-Brits-to-invest-in-European-property-finds-Zurich-7698482.html>
<Search strategy:>
<uk "brits own" "foreign property">
<://www.google.com/search?hl=en&lr=&rls=GGLD%2CGGLD%3A2004-31%2CGGLD%3Aen&q=uk++%22brits+own%22+%22foreign+property%22>
<"abbey national" survey "foreign property">
<://www.google.com/search?hl=en&lr=&rls=GGLD%2CGGLD%3A2004-31%2CGGLD%3Aen&q=%22abbey+national%22++survey+%22foreign+property%22>
<"britons bought" property>
<://www.google.com/search?hl=en&lr=&rls=GGLD%2CGGLD%3A2004-31%2CGGLD%3Aen&q=%22britons+bought%22+property>
<britons "second homes" billion>
<://www.google.com/search?q=britons+%22second+homes%22+billion&hl=en&lr=&start=10&sa=N>
<Hope this helps.> |
