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 International - News

 UK Migrants to E. Europe  27.11.2007 back
Approximately 800,000 Britons have second homes in the latest Eurozone countries. The most popular include Romania, Latvia, Hungary, Poland, Lithuania and Estonia.

Figures released by the Office of National Statistics recently showed that 207,000 Brits left the UK last year, making it the first time the annual number of British emigrants has exceeded 200,000.

A gloomy property market and high living costs are among the reasons given for people making the move, but an increasing number are looking for investment opportunities.

While people looking for a new life head to Australia, New Zealand, France, Spain and the US, it is Eastern Europe that is currently attracting a high percentage of property investors.

Approximately 800,000 Britons have second homes in the latest Eurozone countries. The most popular include Romania, Latvia, Hungary, Poland, Lithuania and Estonia.

The Office of National Statistics figures back up the findings of another survey last month sponsored by NatWest. The study by YouGuv said that 250,000 UK residents now own a foreign property.

Source: Fly2Let

 

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