This summer's unrelenting rain has been a factor in a surge of interest in overseas holiday homes. As many parts of the UK disappeared beneath the flood waters, investors and holidaymakers alike turned their attention to the other side of the Channel. A study by Holiday Lettings has identified the areas attracting most interest from investors, a growing number of whom fund their acquisition by letting the property out for at least part of the year.

In the 12 month period from June 2006 to June 2007, Holiday Lettings registered a huge increase in the number of properties being added to its online directory. Of all the country categories, only Spain saw a larger number of holiday homes being added than France. The prolonged damp weather in June and July is thought to be a key factor, spurring the search for a place in the sun. Those concerned about travel-related carbon emissions but unable to endure wet British climes have salved their green conscience by not going long-haul.