Brits want out of Europe's crisis-hit countries says HiFX

British buyers are looking to offload their property in Europe’s crisis-hit countries according to new data from forex firm HiFX.

 Its research revealed that 39% of Brits wish to sell up in Greece, while 34% in Spain and 23% in Portugal plan to do the same.

Mark Bodega, marketing director at HiFX, said: "As many European governments tackle their deficits, second-home owners, especially those based overseas, have become easy targets for tax increases and as a result many are selling up and returning their assets to the UK."

Knight Frank’s head of international residential development James Price added that U.K. buyers are now looking for long-term security rather than short-term success. "What people are looking at now is the security of their asset in the long term," he said.

Source: OPP Connect 29th. May 2012


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