More Britons set to invest in foreign property

Buying investment properties is likely to become more popular in the near future, according to new research.
A report by industry figures at the International Property Investment pavilion stated that more than one million Britons now own a second home in another country.
More than £20 billion was said to have been spent on such flats, largely with the intention of generating further wealth.
In the past three years, the international property market has become an increasingly attractive investment vehicle.
Within the next three years, about 35 per cent of independent financial advisers would be giving advice on foreign property investments, as the trend was set to continue.
This follows a separate study by Yorkshire Bank which found that more than four in ten Britons were considering buying an overseas property, ideally in a sunny location such as Spain.

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