The risks of getting burnt abroad


Holiday money

In wake of the credit crunch, the standard holiday home investment model is clearly broken, and there is growing evidence that it never really existed in the first place. Once a luxury enjoyed only by the very wealthy, the availability of cheap foreign mortgages and low-cost plane tickets reinvented holiday homes as a commoditised investment for the masses.

A study by property consultant Savills and shows that the market took off in 2000, when UK-owned foreign properties were valued at £10bn. This figure had exploded to £58bn by 2008.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now