Looking for a popular holiday home location, but not sure yet if you’re buying in the UK or overseas? Which up-and-coming countries could make a clever purchase?. If you’re seeking some holiday home destination ideas, this might just help you.
Nowadays, a second home can be a wise investment or great for those who want to escape to sunnier climates as well as a lower cost of living, which is why many British homeowners are deciding to buy a holiday home this year.
The UK is one of the most popular locations for those homeowners who want to spend some time away from work and routines. A bit more than 40% of our customers chose to buy a second home in the UK, and we can’t blame them with our countries’ magnificent coast lines & lush green fields.
There are lots of other countries which are popular with the Brits too, we’ve listed below the top 5 holiday home hotspots with Intasure.
Unsurprisingly a Mediterranean location featured high on our list. Almost 20% of our customers own a home in Spain, and about 2.40% of them currently live in Spain permanently. Is it the Mediterranean diet, fine weather, quality of life or friendly natives?
Southern Spain (Costa del Sol) is one of the most popular places for Brits buying a holiday home.
France is the second most popular destination abroad (up to 9%). Since the first decades of the 19th century, many British citizens have bought properties or built houses in France, and UK citizens remain the first buyers of real estate in France, helping to revitalize rural areas too.
Italy is the third most common destination with our customers (almost 8%). The centre of Italy offers plenty of infrastructures and a larger community of English-speaking expats while the south offers fresher air, almost guaranteed sunshine and plenty of space in which to relax.
English-speaking expats live mainly in the centre of the Italy.
In fifth place is the former British Colony of Cyprus (up to 3%) which has major advantages over previous popular destinations such as Spain or France: a large majority of people speak English. This small island is located in the south of Turkey and the south-eastern of Greece and is strategically placed at the intersection of three continents: Asia, Europe and Africa
Cyprus is the third-largest island in the Mediterranean, geographically part of Asia, but part of the EU since 2004.
Note: Greece, Bulgaria, Turkey, Republic of Ireland and Cape Verde close the Top Ten of Intasure’s Overseas Destinations for buying a holiday home.
For over 15 years Intasure has been providing a first class service to holiday home owners. From holiday lettings in the UK, holiday chalets, park homes, or static caravans, we provide holiday home insurance for your peace of mind according to your requirements.
Call us on 0345 111 0680 if you want to talk with one of our friendly UK-based team today.
Intasure® is a trading name of Arthur J. Gallagher Insurance Brokers Limited, which is authorised and regulated by the Financial Conduct Authority. Registered Office: Spectrum Building, 7th Floor, 55 Blythswood Street, Glasgow, G2 7AT. Registered in Scotland. Company Number: SC108909 | UK Privacy Notice | EEA Privacy Notice | Legal & Regulatory Information | Cookies