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Third of Brits taking holidays despite money worries

Third of Brits taking holidays despite money worries
More than a third of British people still plan to take their annual summer holidays regardless of the severity of the ongoing credit crunch, according to a new poll.

The BBC surveyed 1,007 people and found that those from Scotland are the least likely to give up their annual break, while people in the Midlands are the most prepared to forgo their holiday.

Of the age ranges surveyed, respondents in the 18 to 24 bracket emerged as the least likely to sacrifice a holiday in order to save money.

Nearly half (47 per cent) of the people surveyed by the BBC said that strength of the euro will not be a factor in their holiday decisions.

This is backed up by findings from the Association of British Travel Agents that Spain continues to be Brits' favourite holiday destination, although locations such as Turkey and Egypt have seen increases in bookings.

Statistics from the Spanish Tourist Board show that, while the country received more tourists from the UK between January and May this year, these visitors were spending less.
Posted by Mike at 11:40, 29 July 2008

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Buying property abroad is a great way to invest money, while guaranteeing high-quality, stress free holidays. Having your own haven abroad, which can be rented out when you're not there, will give you the chance to visit your favourite region regularly and really get to know it as an, albeit sporadic, resident. There are many factors to consider, such as rental potential, local markets and the future economy but there is lots of advice and support available.
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