Climate change worries not denting foreign property market-310708

Second home owners in the UK are not allowing concerns about climate change put them off enjoying their foreign property, according to a new study.

Research by Holiday-Rentals found that two-thirds of people with a residence abroad will not stop using their holiday home, even if travel operators introduce so-called green taxes.

Greg Grant, managing director of the organisation, said this shows how taking breaks abroad is still a major priority for consumers, despite the credit crunch and environmental concerns.

He commented: "As a result, we expect to see continued growth in the holiday home rentals market, both in terms of supply and demand."

Mr Grant added that purchasing an overseas property , both for leisure and investment purposes, is still a "key aspiration" for many British people.

Last month, a study by eDigitalResearch revealed that nearly three-quarters of British consumers plan to spend at least a week abroad later this year.


 

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