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One in three want to buy abroad

A third of the UK population has considered buying overseas property, a survey conducted for Natwest International has discovered.

Of 2600 people questioned, just under 750 said that they considered buying overseas, whilst just under 100 - four percent of the sample, said that they already owned an overseas property.

Just over half of would be buyers said they would consider a holiday home as part of their pension pot and the same percentage said that they were attracted by the investment potential of overseas properties. Again half said they hope to make money by letting their holiday homes.

Half of those surveyed with home abroad paid less than 100,000 for their property and three quarters paid 300,000 or less.

Many of those considering buying overseas will be doing so to retire. Three quarters of 30 to 50 year olds questioned said they would consider leaving the UK permanently. Although the over 50's were more reluctant to leave Britain, half still said they intended to move abroad. It is evident from our research that many Brits intend to escape the hectic British lifestyle to enjoy a more relaxed standard of living overseas said head of business development at Natwest International. Surprisingly it is the middle age group who are most keen to make the move perhaps promoted by demanding jobs and continuous warnings to plan for the future. Spain was the most popular holiday home hot spot with half the potential overseas property purchasers saying they would choose Spain to buy. Here, holiday homes are more affordable than the average overseas property - only a fifth of Brits with Spanish homes questioned, paid over 200,000. Those with holiday homes in Spain also said they got extensive use from their properties - two thirds said they spend at least a quarter of the year living in their Spanish property.

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