Caribbean sees 'growing popularity with UK property buyers'
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UK property buyers are increasingly looking to destinations such as the Caribbean, according an industry spokesperson.
Furthermore, there would be no impact on most people who own a second home if there was a rise in travel costs due to new green taxes, according to a new survey from Savills Research and Holiday-Rentals.co.uk.
The study has estimated the total value of UK-owned foreign property to be £58 billion and found the number of homes abroad increased by 35,000 last year.
Jacqui Daly, director of Savills Research, suggested the increasing popularity of emerging destinations, such as the Caribbean, shows that travel issues are not impacting on investment patterns.
Managing director of Holiday-Rentals.co.uk Greg Grant added: "Investing in overseas property, both for leisure and investment purposes, remains a key aspiration for many Britons."
The chief executive officer of Homesgofast Nick Marr recently stated that Margarita Island property investment is "definitely up and coming".
He suggested there are still properties available on the Venezuelan island for reasonable prices and added that the government is keen to encourage foreign investment.
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