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Home isn't where the heart is

Catherine Deshayes

Mass exodus from UK: Brits typically look to buy in foreign climes following the peak holiday season

Experts have suggested that many Britons may be more inclined to buy a property abroad after their recent holidays.

The peak tourism season fuels people's desire to relocate to another country, as the prospect of returning to rainy Britain becomes less and less tempting.

According to Moneyspider.com's Tony Ahearne, this trend is particularly apparent among Britain's older generation.

"Returning from holiday to a grey and windswept Britain still in the grip of the credit crunch may well be the final straw for a great many over-60s this summer."

However, Mr Ahearne added that economic factors such as the declining housing market and the strong euro could affect people's emigration plans, and advised carrying out a financial healthchecks to make sure a move is affordable.

Over 50's specialist Saga found that traditional hotspots such as Spain remain very popular with older British expatriates looking for that relaxing retirement in the sun.