Retiring Britons looking abroad for second homes

How much is it?

Just over a decade ago, the average price of a second home abroad was 165 per cent of the average property price in the UK. But in 2005 the figure had dropped to 90 per cent. The reason may be partly related to the steeper house price inflation in the UK, but could also show that second home aspirations are becoming more widespread.
Currently 2.2 million Britons, accounting for 5 per cent of the population, have a home abroad and according to Barclays this number is set to double. Many use their second homes as buy-to-let investments, others as holiday homes and potential retirement residences.