According to the latest findings from Foreign Currency Direct, providers of best0buy currency for homes abroad, a staggering 51 per cent of 35-44 year olds would not consider local laws, being more concerned about the weather and the distance from the beach when buying a property.

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Far from researching stamp duty in Spain or planning laws in Portugal, these new findings reveal that Britons are not looking beyond the sunshine hours or their nearest beach café and is a stark warning to those looking to buy abroad that all factors must be considered in order to benefit from a new start overseas.

A surprise from the research came in the form of how much core clued up 18-34 year olds are on buying a property abroad. This age groups main concern was the currency exchange rates – with a sensible 89 per cent considering this before making the move.

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Peter S Ellis, C.E.O. of Foreign Currency Direct, said: “Property taxes and local laws should not be ignored and it is extremely important for people to consider all factors when buying property abroad – including currency exchange and transfer – which can have a dramatic impact on the final cost of an overseas home.

“People should seek guidance and support when making such life changing decisions and by allocating clients a dedicated dealer acting as the eyes and ears of the foreign currency market, Foreign Currency Direct can help to simplify this process.”