The British have been known for buying property in Spain and France and US hotspots such as Florida for years . A new fact however about where in Britain buyers come from has never been revealed until now.
A survey of over 1255 British property buyers who are planning to buy real estate abroad are in fact located in the South East of England. The survey conducted by The Overseas Guides Company also revealed where in the world these buyers were considering making a purchase.
The location of buyers in the UK were broken down further indicating that , 16.2 per cent came from the South East, 11.6 per cent from the South West and 7.1 per cent from London.
All of the respondents were considering a property purchase in France, Spain, USA, Portugal, Cyprus, Italy, Greece or Turkey.
Richard Way, editor of The Overseas Guides Company, says: "Crucially, our survey showed that nearly a third of respondents ââ¬â 31.7 per cent - will finance their overseas property purchase solely with the proceeds of the sale of a UK home, with a further quarter buying abroad with a mortgage combined with the sale of a UK home or other funding.
"The South and London continue to record the UK's highest average property prices so clearly homeowners in these parts can afford to move abroad more easily."
The OGC survey results also revealed regional differences between British people buying overseas property. For example, Italian property appears to be especially popular with Scottish people, who accounted for 10.9 per cent of respondents looking to buy in Italy, third only to the South East (14.3 per cent) and South West (13.4 per cent).
The one country where buyers from the South East did not outnumber all other groups was Portugal, where people from the South West came out on top with 14.8 per cent, followed by those from the North West (12.3 per cent) and then the South East (11.1 per cent).
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Author
Nick Marr
I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.