Most UK buyers of overseas residential property are looking to Europe, an expert on the international market has stated.
Property editor at overseas investor magazine BuyAssociation, Paul Collins, said the majority of investors do this because they are not pure investors and want to use such properties for their own leisure from time to time.
He added that this meant southern and western European countries are favoured and likely to remain so, stating: "They will remain that way just because of the ease of getting to them and the fact that the culture and economy is geared up to foreigners buying property."
It is pure investors, he stated, who tend to be the ones more interested in new, emerging markets.
Figures from property website RightmoveOverseas.co.uk suggest that an increasing number of Britons wish to buy overseas, with the tally of searches up to the end of May this year totalling 8.7 million, compared with 63.8 million in the same period in 2007.
Spain and France were the two most popular countries, followed by the USA, Italy, Portugal and Cyprus.
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