FTB’s Turn to Overseas Property
November 17th, 2006

Rising house prices in the UK are leading first-time buyers to look for property elsewhere, according to new research.

A survey conducted by Real Estate TV discovered that a new generation of 'jet-to-let' investors is emerging, with Spain, France and Bulgaria the top destinations.

A previous survey revealed that more than half of young Britons would consider overseas property investment and the new study shows that a significant number are actually doing so.

Mark Dodd, managing director of Real Estate TV, said: "Buying abroad has never been such an attractive proposition for first-time buyers. With the average first-time buyer being in their 30s and deposits likely to be in the region of £33,000, compared to £5,000 a decade ago, buying abroad can be the only way to get on the property ladder.

------