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July 14, 2010

A third of overseas property searchers looking to emigrate

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by Gill Montia

A third of overseas property searchers looking to emigrate

One third of all those considering buying property abroad are looking to emigrate permanently, according to recent research by Primelocation International.

In a survey of over 1,500 people, 33% said that a desire to relocate abroad permanently was behind their search for overseas property.

According to the website, the proportion is remarkable given that overall interest in international property is at record levels, with searches on Primelocation International up 138% on this time last year.

Only 23.7% of those questioned were looking for an overseas holiday home and only 12.4% were searching for an investment property.

Furthermore, just over 20% of respondents said that the UK’s difficult economic climate has affected their intention to buy abroad and only 9.8% agreed that they had to be realistic and search for property in locations that fitted affordability constraints.

The firm’s international development manager, Ann Wright, comments: “The fact that one-fifth of those searching for international property agreed that the difficult economic climate has affected their intention to buy abroad suggests that poor financial prospects for the future are a driving factor behind Brits’ desire to emigrate.”


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