In 2003/04 just over a third of all homes owned by UK citizens abroad were located outside of Europe, with almost 15,400 in the United States.

Property ownership outside of Europe was also common in countries such as Australia, Canada, within the Caribbean islands, India, New Zealand, Pakistan, South Africa and Sri Lanka. By 2003/04 it was estimated that UK households had invested £23.2 billion in second homes abroad. Almost 80 per cent of this investment had been made in properties located within Europe.

Ownership of second homes abroad: by country

	1999/2000	2000/01	2001/02	2002/03	2003/04
Europe
Spain	47,650	49,204	55,321	57,802	69,284
France	35,296	36,448	40,979	42,816	51,322
Portugal	3,530	3,645	4,098	4,282	5,132
Italy	1,765	1,822	2,049	2,141	2,566
Other European	26,472	27,336	30,734	32,112	38,491
All Europe	114,713	118,455	133,181	139,153	166,795
Non-Europe
United States	10,589	10,934	12,294	12,845	15,397
Other non-European	51,180	52,849	59,419	62,084	74,417
All non-Europe	61,769	63,783	71,713	74,929	89,814
All countries	176,482	182,238	204,894	214,082	256,609

 

Reproduced from Social Trands 36 published by the Office for National Statistics © Crown copyright 2006.

Source: Office of the Deputy Prime Minister; Office for National Statistics.
Reproduced under the terms of the Click-Use Licence. Licence C2006009685.

Page last updated: 06 June 2006 11:53