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Foreign property ownership on the up in UK
More and more people in the UK are choosing to buy second homes overseas, new research has revealed.
According to Zurich Private Clients, there has been a "steady rise" in the number of Britons buying abroad in recent years, reports the Associated Press.
This has prompted the firm to recommend that second home owners consider issues such as contents insurance, as each property contains thousands of pounds worth of goods.
Since 50 per cent of British-owned second homes are left unoccupied for at least a month, Zurich is encouraging people to make sure their items are fully covered.
Nick Brabham, spokesperson for the firm, commented: "While we're using them, we often let our guard down as we relax and unwind, but we need to ensure that we don't compromise on security or cover."
He stated that if people neglect this issue, they are leaving their property vulnerable and putting hundreds of pounds of their possessions at risk.
The study comes after research by Datamonitor revealed that British and Irish citizens currently own more than 3.8 million foreign properties.
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