Peter Conradi
Win tickets to the ATP finals
- Any analysis of our foreign-property-buying habits is always problematic because of the lack of definitive data. Savills, the nationwide estate agency, is the latest to have a stab. Its survey of foreign-homeowners, in conjunction with Holiday-Rentals.co.uk, suggests that 400,000 of us have property abroad, worth a staggering £52 billion in total. The bulk of second homes — some 56% — are in Spain and France, but emerging markets such as Bulgaria and Croatia are catching up fast. Average rental yields are 4.6% — barely enough to cover the mortgage in most cases.
- Assetz, the property investment group, has tipped Poland as the best place to put your money. The former communist country tops its table of 14 destinations, with a total return of 165% on cash invested, taking into account buying costs, rental yields and capital growth. Not surprisingly, given the strength of the British property market, the UK is in second place on 63%, followed by Bulgaria (54%), France (51%), Turkey (45%) and Greece (43%). For more details, visit www.assetz.co.uk .
- Britain is not the only country to see huge differences in prices between regions. According to a study by www.isutus.com , a Spanish property portal, the average three-bed house in Barcelona, the most expensive of Spain’s provinces, costs £456,406 — almost five times more expensive than in Granada, in the south, where a similar property would cost £94,770. This compares with £216,321 for the country as a whole.

A second home abroad used to be about escaping the city but a European pied-à-terre can be a bolt hole and a holiday let

Loved that holiday resort so much that you have to buy there? The latest villa development must-have is a luxury spa on site
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
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