Number of second homes owned by UK-residents in Europe 2008-2014, by location
This statistic shows the total number of second homes owned by residents from the United Kingdom in Europe from 2008 to 2014, by second home location. In 2013 to 2014, UK-residents owned approximately 70 thousand second homes in France, either for use as a holiday home, for occupation while working away from home or to let to others. This is a decrease from earlier years, when owning a second home on the European continent was more popular.
Increasing purchasing power and decreasing unemployment provides European consumers with more confidence to enter the housing market, either to buy or to rent a house. Also, the monetary policy of the European Central Bank (ECB) allows for favorable lending conditions. Due to the ECB's artificially low interest rates, mortgage loans in Europe also have low interest rates and become more attractive to buy for consumers as lending has become cheaper.
Increasing purchasing power and decreasing unemployment provides European consumers with more confidence to enter the housing market, either to buy or to rent a house. Also, the monetary policy of the European Central Bank (ECB) allows for favorable lending conditions. Due to the ECB's artificially low interest rates, mortgage loans in Europe also have low interest rates and become more attractive to buy for consumers as lending has become cheaper.
