GMG Venture Capital Dublin – interesting new trends with UK homebuyers.

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 13, 2008 -- Young people buying abroad and renting in Britain are and will continue to be a growing phenomenon. They generally look at spending less than £200,000. This comes on the back of recent reports by Barclays Bank that revealed the number of Britons keen to buy property abroad has doubled to 18,000 in a year.

When you consider these facts along with aging population, increased property wealth, Self-Invested Pension Plans and leisure lifestyle aspirations of the populous it is easy to see why many shrewd property investors are looking for better lifestyle and hassle free overseas ownership and why many advisors are looking aside from the traditional UK buy to let for more diverse property investments in Southern Europe, North Africa and Asia.

A Self Invested Pension Plan [SIPP] is a personal pension plan but with one very significant difference: administration is separate from investment content, giving the plan holder freedom to choose for himself and change the investments within it.

A year or so ago, few people in the UK realized that they could manage their Pension Plan portfolios themselves, and even fewer knew that they could invest their SIPP retirement money in homes in the sun which now prove to be among the most popular potential investments to include in a SIPP.

More news to follow...............

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