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More second homeowners in the Eurozone are starting to releasing equity...

"People who have uncumbered properties are taking out the cash to pay off debts in the UK or buy property," said Simon Conn of Conti. "At the moment they are getting a 10 per cent increase on what they are bringing back."

The terms for releasing equity from a home in the eurozone are currently favourable, with borrowing costs starting from under five per cent.

More British holiday homeowners are taking advantage of the strong euro against sterling by releasing equity from their homes in the eurozone in order to pay off debts in the UK.

Source: www.homesoverseas.co.uk/news