Holiday or a home: why not both?

Holiday or a home: why not both?

Sign up now Login

Recent YouGov research commissioned by financial planning platform Finimize suggests that millennials are more likely to be saving money for a holiday than the deposit on a house.

Research suggests millennials are choosing a holiday over a home – but why not both?

Analysts are calling them “the vacation generation.” This corresponds to research carried out by booking.com in March which suggested that one in three young people spend their time travelling as much as possible; one of the primary motivations stated is to post the photos on social networking sites and feed the “social ego.”

Out priced in the UK? Spread your wings

These conclusions and nicknames may be slightly unjust or one-sided. Many feel they have been priced out of the housing market and millennials turn to travel as an enriching experience that broadens their horizons in lieu of being able to set down roots in bricks and mortar.

However, there is an alternative for those who turn to travel after rejecting home ownership as an impossible dream – investing in property overseas. More than a fifth of those surveyed by booking.com said they were inspired to move somewhere new after travelling. The investment provides many of the same advantages as travelling to far-flung locations in providing exotic backdrops, cultural and social enrichment. In addition it can also offer that crucial first step on the property ladder and possibly some collateral for UK investment in the future. 

Realise your dream of a home abroad

Whether emigrating or buying a holiday property to rent out, moneycorp has helped many clients realise the dream of owning property overseas. As a specialist foreign exchange provider, we also offer a number of tools to purchase and maintain property overseas, from making regular automated payments via a Regular Payment Plan for a mortgage or utility fees to transferring currency online and repatriating rental income back to the UK. If young people choose to broaden their horizons on property ownership, they can have the best of both worlds – an investment for the future and an Instagram feed that is the envy of their friends and followers. 

 

Why use moneycorp?

120+ currencies available

120+ currencies available

24/7 access

24/7 access

The ability to set up regular payments and target rates

The ability to set up regular payments and target rates

Whatever your payment needs are, we've got you covered...

Personal payments

Personal payments

With a personal account you can enjoy competitive exchange rates and low fees on all your payments.

Find out more
Foreign exchange business solutions

Foreign exchange business solutions

We provide tailored services to help companies make global payments and manage their foreign exchange risk

Find out more
Travel money

Travel money

Order your travel money for branch collection or secure it on our explorer multi-currency Mastercard®

Find out more