Many holiday home owners would consider permanent relocation

Many holiday home owners would consider permanent relocation
Published:  11 May at 11 AM
One in three Brits who own a holiday home abroad would consider moving overseas full time. Revealed a recent survey carried out by

A Place in the Sun reported that the most common reasons the site’s clients gave for permanently relocating overseas were better quality of living, a more relaxing style of life and better weather. Two other popular motives were the chance to have a more active lifestyle and the possibility of a lower cost of living.

When asked if they would consider purchasing a property in Britain now, 75 per cent of those quizzed said they would not. The main reasons behind this were that mortgages are very difficult to obtain and house prices remain too high. In addition, one in five respondents said that other costs, including taxes, were too high, while nine per cent stated that other countries offer better value and return on investments.

The website’s survey also noted the most popular locations for holidaymakers in the first quarter of last year and discovered that Tenerife came out first. Other destinations which ranked highly included Gran Canaria, Fuerteventura, Barcelona, Amsterdam, Goa and Dubai.

Some 38 per cent of holidaymakers opted for a beach vacation during the first three months of 2011, in comparison with 17 per cent who went on a countryside retreat and 17 per cent who chose a city break.