Owning an overseas property is more than just a pipedream for many Brits. Research just published by accountancy firm Grant Thornton suggests the number of Brits owning a foreign property has trebled over the last 10 years, from 102,000 to around 300,000. And this figure is expected to exceed 1.5 million by 2025. In other words, one in ten UK homeowners will own an overseas property by then.
Of those questioned by Grant Thornton, the most popular reasons for buying abroad were as an investment (40%) and as a retirement home (38%). The latter is perhaps not surprising as the prospect of moving to a sunnier climate, and cheaper cost of living, is a strong pull for many. Soaring house prices in the UK also mean it's possible to sell a home here then buy a property ov View the rest of this article
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