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Concerns over pension plans are causing more Britons to invest in overseas property to secure rental yields and capital gains to fund their retirement, new research suggests.

Half of second home owners invest in foreign property markets, such as Spain, Bulgaria and Turkey, to supplement their pensions, research from Self-Catering-Breaks.com shows.

&quotWith overseas property investment increasingly seen to offer both security and an enjoyable asset, a growing number of people are turning to it as part of their investment and pension funds,&quot Gareth Robinson of Self-Catering-Breaks.com said.

&quotAs a result, new buyers and new destinations are now entering the market. From those planning for retirement, to families seeking a holiday home and first-time buyers who feel priced out of the UK market ÔÇô the jet-to-let era is attracting new investors who recognise the potential for both solid rental returns and capital appreciation,&quot he added.

According to the research, twice as many respondents chose overseas bricks and mortar to invest in for their pension than UK property.

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