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Britons still keen to invest overseas

Consumers in the UK are still interested in purchasing a foreign property, despite the impact of the credit crunch, according to experts.

Brooklands Group, organiser of A Place in the Sun Live, said more than 21,000 people have attended its exhibitions in Manchester and London this year.

The organisation added that many of these people are also willing to spend more than in the past, as prospective buyers were willing to part with an average £196,000.

This comes amid a period of economic uncertainty in the UK, which has been created by the global credit crisis.

Darren Styles, chief executive of Brooklands Group, remarked: "It's a tribute to the strength of our brand and the resilience of our industry."

This comes after Jet-to-Let magazine revealed that UK-based investors are increasingly considering putting their money into foreign markets.

The publication said this is because the inflated housing market in Britain and the limited potential for returns has put people off investing at home.

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