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.
Number of second homes owned by residents from the United Kingdom in Europe from 2008 to 2014, by second home location (in 1,000s)*
* No numbers were provided for 2011-2012 and 2015-2016, as the question was rotated off in those years. This question was phrased by the source as follows: "In which country is your second home/other property?"
** Possible answering options during the survey included: Croatia, Cyprus, Greece, Italy, Portugal, Turkey and Other European Country.
The source states that "second homes can be owned or rented and are defined as second properties mainly used by family/friends as holiday home, let to others as a holiday let, for occupation while working away from home, rented or other".
The source also mentions that "figures are adjusted for a small number of households who did not answer on the location of second home".
The source does not specify the number of respondents, although it mentions a "full household sample".
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GOV.UK. (August 1, 2016). Number of second homes owned by residents from the United Kingdom in Europe from 2008 to 2014, by second home location (in 1,000s)* [Graph]. In Statista. Retrieved November 09, 2024, from https://www.statista.com/statistics/723017/number-of-second-homes-owned-by-uk-residents-in-europe-by-location/
GOV.UK. "Number of second homes owned by residents from the United Kingdom in Europe from 2008 to 2014, by second home location (in 1,000s)*." Chart. August 1, 2016. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/723017/number-of-second-homes-owned-by-uk-residents-in-europe-by-location/
GOV.UK. (2016). Number of second homes owned by residents from the United Kingdom in Europe from 2008 to 2014, by second home location (in 1,000s)*. Statista. Statista Inc.. Accessed: November 09, 2024. https://www.statista.com/statistics/723017/number-of-second-homes-owned-by-uk-residents-in-europe-by-location/
GOV.UK. "Number of Second Homes Owned by Residents from The United Kingdom in Europe from 2008 to 2014, by Second Home Location (in 1,000s)*." Statista, Statista Inc., 1 Aug 2016, https://www.statista.com/statistics/723017/number-of-second-homes-owned-by-uk-residents-in-europe-by-location/
GOV.UK, Number of second homes owned by residents from the United Kingdom in Europe from 2008 to 2014, by second home location (in 1,000s)* Statista, https://www.statista.com/statistics/723017/number-of-second-homes-owned-by-uk-residents-in-europe-by-location/ (last visited November 09, 2024)
Number of second homes owned by residents from the United Kingdom in Europe from 2008 to 2014, by second home location (in 1,000s)* [Graph], GOV.UK, August 1, 2016. [Online]. Available: https://www.statista.com/statistics/723017/number-of-second-homes-owned-by-uk-residents-in-europe-by-location/
