Brits have always been fond of buying holiday homes and properties in overseas destinations, and over the years have purchased properties in many different places around the world.

However, the mortgage meltdown and financial crisis has hit all buyers hard, including those interested in buying abroad, and a recent report has indicated that whilst Brits are still interested in buying properties abroad many are now playing it safe by sticking to tried and tested areas.

It is claimed that there is a new wave of Brits that are now interested in buying property abroad, but there are certain destinations that these potential buyers are looking at. Data was recently put together by the mortgage provider Conti, which specialises in providing overseas mortgages.

Officials from the firm claim that many Brits are now opting for properties in places such as Spain, France, and Turkey. Portugal and Italy also featured in the top five destinations.

Another overseas property company, Property Abroad, said that its own list of top five destinations for Brits buying abroad was very similar to the Conti one, other than the fact that Greece was in their top five, as was America, which topped the list.

One official from this firm said: “This new data from Conti backs up our own data and the assertions that we have been making from that data. There certainly isn’t the same level of furore for investing in the far-flung emerging markets that there was last year.”

He added: “The only surprise for us is the position of America on the Conti chart. The only reason we can think of is that it is easier for Brits to get an American mortgage, and they are predominantly buying repossessed properties in cash-transactions.”

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