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Are Savings Accounts becoming a thing of the past?

Few people can afford to buy a second home abroad despite the desire to do so. Award winning overseas property investment specialist David Stanley Redfern Ltd have, as they routinely scrutinise the market place, noticed a surprising but nevertheless steadily rising trend in their overseas investment related demographics. More UK inhabitants are actually making their home on foreign shores, moving abroad and maintaining their professional status here in the UK, as opposed to stretching their finances for a second holiday or investment home.

Reputable and long standing specialist David Stanley Redfern himself goes a little further to explain the reasons behind the inclination of buyers in today's market. "A combination of factors can be held accountable for the current boom in overseas investment, but I feel the main reason is common sense. Yes there are the banking scares and the instability recently highlighted by Northern Rock. Yes British weather is noticeably worsening year by year. But ultimately, common sense dictates that when the available returns vastly outweigh any offered by UK savings accounts, the assertive saver will spend their money accordingly and invest abroad and take advantage of often government guaranteed returns such as those on offer in Finland"�.

But it doesn't end there. Surely the overseas allure of sun, sea and sand can't be powerful enough to attract international commuters can it? Opposed to the everyday stressful rat-race that Britons face, it's hardly surprising to find that 43% want out; the question of course is how? Is it really possible to commute to and from work, from one country to the next? Well, not only is it possible but its becoming increasingly popular and even set to increase further with Eurostars November 2008 launching of their high speed rail service from St Pancras International.

The fact that a journey to London from Cheshire takes around the same time as travelling from Portugal to London enticed recent Portugal resident Jo Wheeler into the overseas property market. She clearly illustrates just how much of a positive impact the decision to move from Cheshire to Portugal has had on the lives of her and her family. "We are now international people and our children have far more physical freedom and fun in the environment than at home."
With unrivalled return opportunities to be taken with an overseas investment and the ever widening audience its attracting, with holiday/investment home makers, international commuters and the incredible affordability in emerging markets, it's estimated that 1 in 3 financial advisors will be dealing with overseas property related enquiries by 2010. So, are savings accounts becoming a thing of the past, after all, its evidently possible, isn't it?

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About David Stanley Redfern

David Stanley Redfern Ltd is an overseas property specialist, working directly with developers in more than forty countries. Most properties are exclusive to David Stanley Redfern Ltd, giving an unparalleled selection of resale and new builds. David Stanley Redfern Ltd is AIPP accredited.

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