Saturday, December 03, 2005

MyFinances.co.uk: Brits triple spending on second homes

"In the last three years the amount of money Britons spend on second homes has tripled, new figures show.

UK residents now spend £6 billion a year on second homes, up from £2 billion in 2002."

"But with the British property market stalling, investors are increasingly looking to more adventurous - not to mention cheaper - markets."
Source: MyFinances.co.uk