DOLLARS, deutsch marks and pesetas are flooding into Yorkshire like never before as foreign buyers flock to snap up homes in the beautiful Broad Acres.

York-based house-builder Persimmon Homes estimates that it has seen a major rise in foreign buyers plumping for properties in the White Rose county.

The firm estimates a 15 per cent increase in the number of foreign buyers setting their sights on Yorkshire, as well as London and the Midlands.

The majority of interest is coming from Hong Kong or Singapore, although Persimmon is witnessing a growth in buyers from Spain, Germany, the Arab states and the United States.

Mike Allen, of Persimmon, said: "We would expect to see a higher level of foreign purchasers in London and the Midlands because they are large centres of commerce and enjoy good transport links, both within the UK and the world. With respect to the popularity of Yorkshire, our feedback suggests that a combination of beautiful countryside, good education and leisure facilities make the north of England an attractive proposition for people moving to, or studying in the UK, and those wanting a solid investment."

The majority - around 90 per cent - are buying properties as an overseas investment, with five per cent buying homes to live in while in the UK on business, and the other five per cent buying properties as holiday homes or for their children to live in while attending university here.

Although the company has seen a huge increase in purchasers buying directly from the Internet, the main source of foreign purchase is still via newspapers or magazines.

Persimmon says buying a new home is so popular that about 40 per cent of its properties are sold without the buyer having seen the property or plans first.

Updated: 10:01 Saturday, April 28, 2001