Want a home in Spain? Head to travel agent

30th May 2005, Comments 0 comments

30 May 2005, LONDON — For the first time, holidaymakers will be able to buy an overseas home in Spain by walking into a British high street travel agency.

30 May 2005

LONDON — For the first time, holidaymakers will be able to buy an overseas home in Spain by walking into a British high street travel agency.

Thomson, the UK's biggest tour company, is starting the scheme at its 750 high street stores in partnership with the Parador Properties company in response to a growth in overseas home ownership, the British Daily Mail reported.

From Tuesday, Thomson will be offering properties for purchase in Spain (including Majorca), Portugal and Cyprus.

According to Thomson research more than half a million British households now own a property overseas and this figure is expected to rise significantly over the next few years.

The research also revealed that owning a foreign home is now a life ambition for more than half of Britons with as many as 38 percent considering buying abroad in order to get a foot on the property ladder.

This figure increases to 50 percent in the 16-24 age group with a perceived lower cost of living a contributory factor in making overseas home ownership abroad attractive.

The Thomson research also showed that as many as 66 percent did not know where to find the information about the foreign property market.

Thomson marketing director Miles Morgan said: "Owning a home abroad is now a realistic option for lots of people.

"To survive in today's very competitive market, travel agents need to broaden the range of what they sell. This is a natural step for us."

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Subject: Spanish news

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