For many Britons, owning a holiday home in the sun is a lifelong dream. A number of factors are helping to make those dreams a reality according to a recent Daily Mail article.

The article cites a recent report from overseas mortgage specialist Conti who has reported a huge 58 per cent increase in enquiries between January and June this year compared to the same period last year.  Conti also confirms that cheap property prices and the low interest rates along with the current strength of the pound is having a positive effect on buyers budgets.

Mortgage, bonds or buy outright? The Daily Mail report suggests that a favourable exchange rate has added to the attraction of buying an overseas property outright with sizable savings to be had from the same time last year, citing a holiday home worth in the region of £100,000 last year could now cost up to £8,000 less now.  Also property prices in France, Spain and Italy have dropped in recent years, making a purchase seem even more affordable to UK buyers.

The article explores a number of different options available on the market including that of relying on rental income to pay for a mortgage; holiday bonds which gives investors rent-free holidays but comes with investment risks; and ‘fractional ownership’ which pools funds together allowing each investor a certain amount of time each year in the property.

Ultimately whatever choice is best for you always ensure that your property is covered with a good quality specialist insurance for holiday homes policy.  Why not get a quote from and see how we can help protect your holiday home. also has some helpful information on buying a second home in our Holiday Home Tips and Guides section