Different groups 'opt for different markets'
Different demographic groups from the UK are not choosing to purchase properties in the same locations, according to an expert.
David Kerns from Moneycorp stated that age and wealth tended to have an impact on where people chose to purchase a foreign residence.
For example, he said that eastern Europe was attracting many younger investors who had been priced out of the domestic housing market.
By contrast, he said that established European markets were more popular with older people who were seeking a more relaxed way of life.
Speaking to the Telegraph, Mr Kerns commented: "Those going to France or Spain tend to be in the 45 to 65 age group, are retired or semi-retired and are looking for an easier lifestyle."
This follows research by Datamonitor which revealed that British and Irish citizens now own nearly four million homes overseas.
The organisation stated that collectively, these properties were worth more than £44 billion.
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