Investors 'want to escape British rain'
Record breaking amounts of rain this summer has prompted a surge of interest in overseas property, according to a new report.
HiFX stated that during June, the amount of interest in buying abroad was 46 per cent higher than during the previous year.
Meanwhile, there was a 40 per cent increase in the number of enquiries received during July.
The firm put this down to the wet summer, as June and July saw the highest amounts of rain ever recorded at this time of year.
Mark Bodega, spokesperson for HiFX, commented: "People buy property abroad for many different reasons but a depressing British summer is enough to spur any overseas property buyer or investor into action."
The firm highlighted the continued popularity of established property markets such as Spain, Italy and France, as well as more exotic destinations such as Cyprus and Morocco.
This comes after a similar statement from Barclays, which also highlighted rising house prices and crime for the rise in the number of people looking to move abroad.
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