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Britons eye up property bargains in recession-hit Europe

Posted on 11 May 2011

Debt-ridden countries could offer potential for canny Brits on the look-out for a holiday home. Eight out of 10 Britons looking to buy a holiday home abroad are interested in those European countries which have been hit worst by the recession.
Portugal, Ireland, Italy, Greece and Spain are now lumped together under the unflattering acronym of the PIIGS. They’re up to their eyes in debt and, in the case of Portugal, Ireland and Greece, they’ve had to be bailed out to keep them afloat……………………………………….Full Article: Source


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