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Lockdown Brits Consider A Move to Europe

02.12.20

UK residents are increasingly browsing homes overseas during lockdown, according to data from Kyero, a platform enabling people to buy property in Europe.

There was a 30% increase in UK visitors to the Kyero site between April and June 2020 compared to the same period in 2019.

Louise Dell, founder of Kyero.com, said: “Lockdown and widespread remote working over recent months has had a significant impact on the types of people looking to buy property in Europe.

“Greater numbers of younger people, and those now working remotely full time – ‘Corona nomadics’ – are considering a move abroad as we all become less tied to the office and are able to live, work and play where we really want to.”

In the three months after the start of lockdown-1 in the UK, Kyero saw a 19% increase in interest in overseas property by those aged 25-34 compared to the same period last year (April – June).

Dell added: “It seems that a global pandemic has made many people realise that time is precious, and rather than putting dreams off until tomorrow, they are seizing the day and making it happen. With the new second round of lockdown restrictions coming into force, we only expect this trend to continue.

“Travel may still be unpredictable, but far from curbing ambitions of moving abroad, it appears that the challenges of this year have prompted people to plan their escape, perhaps partly because it now really doesn’t make much difference whether people are joining an online meeting from Bath to Barbados.”

 

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