Climate change worries 'not denting foreign property market'
Second home owners in the UK are not allowing concerns about climate change put them off enjoying their foreign property, according to a new study.
Research by Holiday-Rentals found that two-thirds of people with a residence abroad will not stop using their holiday home, even if travel operators introduce so-called green taxes.
Greg Grant, managing director of the organisation, said this shows how taking breaks abroad is still a major priority for consumers, despite the credit crunch and environmental concerns.
He commented: "As a result, we expect to see continued growth in the holiday home rentals market, both in terms of supply and demand."
Mr Grant added that purchasing an overseas property, both for leisure and investment purposes, is still a "key aspiration" for many British people.
Last month, a study by eDigitalResearch revealed that nearly three-quarters of British consumers plan to spend at least a week abroad later this year.
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