Overseas Property: Resale Markets Boosted by British Emigration

The Office of National Statistics has revealed that 4000 Britons are emigrating each week, in the biggest mass exodus for almost 50 years.
By: David Stanley Redfern Ltd
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* England - Nottingham - England

May 31, 2008 - PRLog -- Among the reasons for moving abroad were, loutish behaviour and the deterioration of British housing estates, rising living costs, the government and pressure at work, others are moving in seek of career opportunities in emerging markets. The findings also showed that the emigration was mostly taking place to countries within the commonwealth, with Canada, Australia, New Zealand and the United States being the most popular.

Some would say the growth in relocating Brits was almost inevitable, with exponential rises in yob culture, and its spreading to the suburbs, and even small villages, as well as flights becoming so quick, so cheap and such an integral part of daily life.

David Stanley Redfern Ltd have experienced the rise in Britons buying property abroad to emigrate at first hand, Operations Manager Jason Killingback said:
"Yeah, we sell all the time to people who plan to go and live in their property abroad, the increase has been noticeably rapid. Canada is popular with those sorts of buyers, but we have even sold to people moving to places like Montenegro, and Malaysia."

Liam Bailey, head of international research for the overseas property investment specialist added:
"While this isn't particularly good news for Britain, with so many of our skilled workers taking their skills abroad, it is good news for the overseas property industry, specifically in Canada, the U.S. and the other popular emigration destinations. Increasing emigration from an affluent area like the U.K. will massively strengthen the resale markets in those countries, and ensure the people currently buying off-plan make the profit they project on the resale market in spite of global slowdowns."

Find out more about buying property abroad, for emigration, holidays, investment or retirement at www.davidstanleyredfern.com.

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About David Stanley Redfern

David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed.

Media enquiries should be directed to Liam Bailey at media@davidstanleyredfern.com

Website: www.davidstanleyredfern.com
Email:Contact Author
Phone:+44 (0)800 634 2377
Zip:NG16 2FB
Tags:Real Estate, Overseas Property Investment
Industry:Real Estate, Finance, Business
Location:England - Nottingham - England
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