People in England are increasing selling their homes and using the capital to buy abroad, it has been revealed.

The Emigration Group stated that falling house prices in the UK have directly contributed to the popularity of moving abroad in the last few months.

Speaking to the Cambridge News, company director Paul Arthur said this is because people want to make the most of the value of their home before it falls even further.

This trend was said to be highly apparent in southern and eastern England, for example counties such as Cambridgeshire and Essex.

Mr Arthur commented: “House prices have peaked and people with more equity realise they can get a different lifestyle abroad.”

According to the BuyAssociation website, Spain is currently one of the main hotspots among Britons who want a foreign property.

Property editor Paul Collins said this includes those who are looking to live abroad on a permanent basis.

Tags: , Spain, Spanish Property