The Ultimate Investment Escape

Property investors looking to escape the ‘gloom and doom’ of winter weather, a poor economy and an equally stressed property market, may be setting their sights on the shores abroad.

According to a survey by Primelocation International, a lot of homeowners and property investors alike are opting to spend this holiday season in their second homes abroad.

In their survey, Primelocation International discovered (of those questioned):

• 71% ‘always’ or ‘often’ spend Christmas overseas
• 35% swap Christmas traditions of a tree and Father Christmas for that of the location they are staying in
• 36% choose to combine both British and local traditions during their stay
• 30.96% choose to do the complete Christmas package of Christmas tree, decorations and exchanging presents
• 11% manage to tune into the Queen’s speech
• 39% insist on eating Christmas pudding

Property investors considering investing in overseas property too, are also keen to celebrate Christmas in style with 80% stating that they plan to spend Christmas there ‘always’ or ‘often’ and a further 50% revealing that they will exclusively adopt the festive traditions of the country they invest in.

Looking at these statistics it is clear that many people want to escape the restrictions of the British economy and invest elsewhere.

And who can blame them…

With property prices predicted to become static in 2010 and the UK being one of the few countries to not come out of the recession, properties abroad are looking more and more appealing.

Original Article

More About the Author

Fraser Stirling, Property Mentor Delegate

No matter what the media wants you to believe, property is still the only investment route where you can benefit from an asset that will NEVER go into zero value. Even when I was university I admired properties ability to withstand the economic elements and stay strong, even when other investment forms faltered or failed. X years on, I am now the proud owner of multiple property investments - one of which earns a passive income of £4,680 and my property portfolio is still expanding. Read more