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Italy Property Investment News
Property investors 'travel abroad regularly'
Overseas property investors are becoming highly regular air travellers, according to new figures.
Data from the Civil Aviation Authority (CAA) showed that people who owned a house in another country flew overseas 55 per cent more times than other passengers.
Harry Bush, director of economic regulation at the body, said this was helping to bolster the airline industry, as regular flights were in strong demand among this group.
Speaking to the Guardian, he commented: "There are demographic factors such as more single people, increasing numbers living abroad - these factors, longer term, support air travel."
A person's wealth was also found to influence how often they travel abroad, as those who earned more than £115,000 a year were said to fly overseas more frequently than people on a salary of less than £40,000.
Earlier this month, Paul Arthur of The Emigration Group told the Southport Visiter that residents of many affluent commuter towns were especially likely to set up home overseas.
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