FTBs look overseas
Three quarters of would be first-time buyers in the UK have shelved plans to buy property here and nearly half are opting to buy abroad instead


Market instability is leading many would-be property buyers to look tries overseas for their first property purchase, according to the results of a new survey by Moneycorp. Their First Time Buyers Report, which is conducted every two years, also found that a third of these would-be buyers have been refused a mortgage in the last six months, and are looking further afield where their money could go further.
* Luxury property for sale overseas
Spain continues to be the first choice for first-time buyers (FTBs) looking abroad, the report found, with France in second place. The US has now pushed itself into the top five countries in the survey, as the weak Dollar now appeals to those looking to make their first property purchase. And these British buyers certainly aren’t afraid of looking beyond Europe, as Australia made fourth place, ahead of Italy which has dropped from third to fifth over the past two years.
Top three countries for FTBs abroad June 2008
* Spain * France * US * Australia * Italy
Top three countries for FTBs abroad June 2006
* Spain * France * Italy *Cyprus * Bulgaria
Exquisite houses, the beauty of Nature, and how to get the most from your life, straight to your inbox.
-
Gill Meller wants to make soufflé great again with his sweetcorn and smoked cheddar recipe
Is the soufflé on the brink of extinction? Well, not if Gill Meller's recipe for a sweetcorn and smoked cheddar has anything to do with it.
-
Galls: Nature's most beautiful, horrifying and intriguing parasites
A playground for aphids, wasp eggs, and funghi — galls come in all shapes and sizes