Own A House - real estate market news

The main buyers of real estate abroad - Englishmen: more than 5 million people have already got houses or apartments outside the island. The main cause of such transactions is in big difference in the prices for real estate between expensive Britain and other countries. For young Englishmen real estate abroad is the first step in «a staircase of real estate» as on the native land they can buy nothing. Middle-aged and old people frequently sell their houses and move to other countries to get rid of mortgage credits - 37 % of Englishmen are ready to leave Britain for this reason.

Recently the British have started to practice selling the big house, and buying for this money a smaller one. The difference is invested in the second habitation abroad, trips and entertainments.
The British foreign real estate investment Internet-portal Homesgofast.com has studied inquiries of 170 thousand visitors and has found out, that Dubai, Brazil, Egypt, the USA (the western part of New York state and Florida) and Turkey are the most popular among potential buyers.

English pensioners like Spain, Australia or New Zealand (became fashionable due to fantastic landscapes in the movie Lord of the Rings). Developers have at once responded the demand and started to build for pensioners special inhabited complexes «60 +».