Washed out Brits escape abroad

Washed out Brits escape abroad

Monday, December 03, 2007

The number of Britons looking for property in sunny countries such as Portugal has doubled in the last year, according to new research...

The study, by Barclays Buying Abroad, was based on the number of inquiries received by their locally-based mortgage service in Portugal, Spain, France and Italy. Many peoples' decisions to buy property in Portugal and other sunnier climes seem to have been prompted by this year’s miserably wet summer.

The early summer was the wettest in Britain since records began - over 240 years ago. Richard Exton, director of Barclays Buying Abroad, said: "Brits are familiar with the idea that we only have two seasons: the winter and July.

"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."

Earlier this month, Portuguese Prime Minister Jose Socrates announced the construction of ten new five and six-star hotels in the Algarve. The project is likely to cost around €1,500 million (£1,020 million), create around 6,000 jobs and encourage even more tourists to visit the region.

CLICK HERE TO PRINT THIS PAGE

CLICK HERE FOR OUR FULL NEWS ARCHIVE

Get this news on your website !

If you have a website, whether it is a personal homepage or a fully fledged estate agent service, you can get our news headlines included on your site. Both these newsfeed services give you the option of having the full news content from TheMoveChannel.com - not just the articles that appear on country subdomains such as this one:

Premium service

For just £50 / month, you can now have your own customised news service on your website. With the XML-based service, articles actually appear on a page on your site, making this a sticky feature that won't result in your traffic leaving. You have control over the display format to show your choice of headlines, dates and short article introductions and can apply your own style sheet or control the display format with XSL sheets. Finally, you can also set your subject preferences so that your feed only displays articles which are relevant to your site audience.

Top News Stories:

Brits abroad have 'no regrets’
6/19/2008 - Expats who’ve escaped to sunnier climes seemingly have no regrets about leaving the UK…

Canny FTBs remain ‘undeterred’
6/19/2008 - A new survey has revealed that FTBs are increasingly entering the new homes market with confidence...

Londoners love ‘laid-back’ Italy
6/18/2008 - A survey has revealed that Londoners see Italy as the most desirable place to buy property...

Sponsored listings:


Worldwide	England	Northern Ireland	Scotland	Wales	London	Spain	France	Italy	USA	Investment


Privacy policy Terms of use Support Bookmark now! uk index						TheMoveChannel.com is a protected Trademark. Copyright © 2000 - 2008 On The Move Ltd. All rights reserved.