9
Nov
Brits to shun foreign climes for second home purchases
Britons are opting to buy more second homes in the UK instead of
overseas, it has been revealed.
According to figures from home insurer Direct Line, the UK holiday
homes market is set to increase by 44 per cent over the next 20
years.
The firm attributes the growth to increasing concern over the
environmental impact of air travel - as well as a widely-held
notion that our weather will improve.
Andrew Lowe, head of home insurance at Direct Line, said: "Going
green has become one of the biggest trends of the last few years
and we are now seeing this extend to the second homes housing
market.
"Our report shows that in the future, large numbers of Brits will
choose to buy a holiday home on UK soil rather than overseas.
"For those who are concerned about their carbon footprint, a
holiday closer to home can be the most environmentally friendly
option."
