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 International - News

 One-Third Consider Buying Abroad  26.10.2007 back
A third of people who go abroad on holiday are thinking about buying a house overseas, research by NatWest bank said.

Many people consider buying a property abroad just to avoid the stress of booking an annual holiday, according to research released today.

A third of people who go abroad on holiday are thinking about buying a house overseas, research by NatWest bank said.

A survey of 2,600 adults by the banking giant found that many people were considering buying a property just to avoid the stresses and strains of the annual family break. Almost one in three people returned to the same destination every year.

Owning overseas property has become increasingly common for families in Wales in recent years, with many people buying houses in Spain, and increasingly, parts of Eastern Europe.

Mike Freer of NatWest International Personal Banking said, “Buying a holiday home abroad is increasingly becoming the norm for British families.”

Source: Western Mail

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