Credit crunch could encourage more to move abroad

A top travel expert has predicted that rather than abating Britons' desires to move abroad, the credit crunch may actually encourage them.

While many are suffering financially, Association of Independent Tour Operators spokesman Ian Bradley explained that getting abroad is now a necessity for many Brits.

"Probably the biggest annual expenditure is a holiday. It's really being viewed as a necessity rather than a luxury," he commented.

"I think in this climate there's enough worry out there regarding redundancies, interest rates, house repossessions and all sorts of things; people just feel the need to get away.

"They put money aside and say: 'I'm going to get away, no matter what. I need to escape the doom and gloom.'"

Mr Bradley's comments may have struck an even deeper chord with some. The financial fiasco is bound to have made many Brits consider the merits of buying foreign property in places like Portugal.

Whether for a holiday home or just to escape the UK and its hassles all together, Portugal's idyllic beaches, pleasant climate and proximity to home could make it the perfect choice for UK investors.

Visit our off-plan property Portugal page

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