Category — Market Research

DUBBED the “jet-to-let set”, first-time buyers unable to get on to the property ladder in the UK are investing in property abroad, a new study has revealed.

Once dominated by middle-aged “second homers” and retired couples, the overseas market is proving increasingly popular with young people who are looking to rent out a property abroad which can then be sold, and the equity used as a deposit on their first UK home.

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THE travel giant Thomson will tomorrow move into the estate agency market, making foreign properties available for people walking into high street shops for the first time.

A survey of 1,600 people by Thomson, the high street’s biggest tour operator, revealed that 55 per cent of Britons want to buy abroad, either as their main residence or as a second home.

The company estimates that Britons have already bought about half a million foreign properties, half of them in Spain.

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