aboutproperty.co.uk Logo
 | News feeds | Join the mailing list | Make Homepage

Property news

Wet summer sends Brits abroad for property

Wednesday, 22 Aug 2007 09:17
Wet summer sends Brits abroad for property
The number of Britons keen to buy a property abroad has doubled in the previous twelve months, a study released today reveals.

And the survey, carried out by Barclays Buying Abroad, cites the wettest British summer ever recorded as a major cause for the trend.

According to the report, Britain's recent terrible weather is replacing more traditional causes, including rising crime, ballooning UK property prices and a skewed work-life balance, as the main reason for more Brits looking abroad for property.

"Brits are familiar with the idea that we only have two seasons: the winter and July," commented Richard Exton, director of Barclays Buying Abroad.

"It seems that this year, with the terrible weather we have experienced in July and throughout the summer many people are not prepared to sit through a year-long winter and are looking for a getaway to sunnier climates."

And Met Office figures do indeed demonstrate early summer was the wettest since records began, more than 240 years ago.

During June and July an average of 387.6mm of rain fell across the UK, more than double the 186mm which would normally be expected for the period.

Unprecedented rainfall also caused widespread flooding across England during June and July, including areas in the West Midlands, Devon and Cornwall.

When the figures are compared to 436mm of rainfall in Spain for the whole of 2006 and the 65mm that fell on Dubai over the same period, the attraction in buying property abroad becomes apparent.



Comment on this story 

Share your views with the aboutproperty.co.uk readers.
Name 

Location 

Email 

Comment 

Enter the text shown to the right

Marketplace 

    From builders and DIY suppliers to decorators and garden supplies, home finance to heating and plumbing services, home furniture to accessories, bathrooms, bedrooms, kitchens and a whole lot more.

    Whatever you’re looking for you’ll find it in the aboutproperty marketplace – your gateway to all things home and garden related.

Free Property Finder Service 

    Click here for your free easy to use Property Finder Service to search for properties that meet your needs overseas.

For your free guide to investing in uncertain times click here.

Features 

Overseas property 

Property finance 

Forthcoming property shows 

  • France

    Property abroad in FranceAboutproperty considers the ever popular French property market as a recent boom seems to slow, perhaps making now the right time to pick up a bargain.    More...
  • Spain

    Property abroad in SpainSpain is the most popular destination for Brits looking to invest abroad and the most popular emigration destination in the world. But what is it that makes this country so enduringly popular? Aboutproperty investigates.   More...

Remortgage
The online mortgage brokers will help you find the best Remortgage deals in the UK.