| It has never been a better time to buy a | | | | only 11.1 billion. |
| second home, or invest in the buy-to-let | | | | |
| property market. The UK's booming buy-to-let | | | | Spain is predictably the most popular |
| market is being boosted by immigration and | | | | destination for Brits to buy a second home. |
| the difficulty of first-time buyers to find | | | | Over 70,000 homes are own by Britons, almost |
| suitably priced property. The UK is second | | | | 27% of the entire market. Recently Banco |
| only to Poland for buy-to-let investors, with | | | | Halifax Hispania (BHH), the Spanish Halifax, |
| Bulgaria and France following behind. The | | | | has cut its mortgagerates making, for many, |
| shortage of homes will continue to drive up | | | | the allure of a move to sunnier climates more |
| house prices in the UK, some predicting by an | | | | of a reality than a dream. There's more good |
| extra 10% by 2008. | | | | news too. Britons investing in overseas |
| | | | property look set to gain a tax bonus next |
| Home owners who find themselves with a UK | | | | year. Gordon Brown's recent budget speech |
| property that is increasing in value are now | | | | indicates that property bought through a |
| re-mortgagingor freeing up equity in their | | | | company will be exempt from tax, with those |
| properties to invest in houses abroad with | | | | who have already bought abroad in line for |
| many reaping rewards from their investments. | | | | considerable payouts from the Inland Revenue. |
| Remarkably, the British now own over 250,000 | | | | |
| properties abroad, the value of the property | | | | There has never been a better time to invest |
| in countries like Spain, India, and South is | | | | in property abroad. So, if you can, why not |
| estimated at 23 billion, this remarkable | | | | do it! |
| because only four years ago that figure was | | | | |