Datamonitor believes that the amount of foreign investment by British buyers will increase by an annual rate of 13% before 2012.
Demand for foreign property among Britons is continuing to increase, according to a new study.
Research by Datamonitor found that people from the UK and Ireland owned almost four million homes overseas, collectively worth about £44.4 billion.
This has led to the organisation predicting that the market will continue to grow to nearly twice its current size in the next five years.
Datamonitor believes that the amount of foreign investment by British buyers will increase by an annual rate of 13% before 2012.
The report, which was commissioned by Overseas Property Professional magazine, also identified several of the most popular destinations among UK investors.
Established markets such as Spain and France were highlighted as two of the main favourites, although an increasing number of people were said to be looking outside of Europe towards countries including Brazil and Croatia.
This comes after the Office for National Statistics reported that more Britons were choosing to live abroad on a permanent basis.
