First time buyers looking abroad

06-May-2005

Ever-more aspiring homeowners are turning their attentions to properties in foreign countries as an alternative way to get their foot on the property ladder.

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According to research carreid out by the Fresh Start Show, millions of Britons are planning to purchase overseas property in a bid to avoid the high costs of houses in the UK market.

The move to foreign climes can prove successful for aspiring first time buyers from the UK, as investing in a cheap home somewhere in Continental Europe can bring in more amounts of money by selling at a higher price in the future.

That will then give first time buyers the money they need when finding a deposit to become a new homeowner in the UK.

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And it is not simply the cost of houses that is pushing Britons abroad, as the research found that British residents pay more for basic items such as fuel, bread, milk and beer than residents of France, America, Australia, New Zealand, Spain and South Africa.

"There has been a definite increase in the number of people interested in migrating," confirmed Nick Clark, managing director of Homebuyer Events.

He added that first time buyers are now heading abroad "by the planeload" as they look for an alternative way of getting on the property ladder and of finding a deposit to become a first time buyer in the UK at some point in the future.

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