Brit travellers save £4b using property for free
Brit travellers save £4b using property for free
British travellers are saving £4 billion a year by using accommodation owned by friends or family, according to new findings.The survey by Barclays Buying Abroad and YouGov found that 41 per cent of Brits regularly stay in a flat or house abroad owned by someone they know.
The research also revealed that 13 per cent of respondents admitted staying friends with the owners purely to have access to the property, many of which were in
France,
Spain and
Italy.
The number of Brits buying holiday property is believed to be on the rise.
"Buying abroad either as a permanent home or a holiday destination is now easier than ever before," commented Richard Exton, head of Barclays Buying Abroad.
"The market is flourishing and many more Brits are taking the plunge and purchasing – either as a buy-to-let, a permanent home or just somewhere they can holiday with friends and family.
"We are seeing record numbers of enquiries and purchases in
Spain,
France,
Italy and
Portugal, as Brits are realising the savings that can be made on holidays by purchasing property abroad."
This article was brought to you by holidaylettings.co.uk, the UK's No.1 holiday home website.
12 September 2007
Print this article
