Thousands of SIPPs investors are expected to buy up property overseas according to a new study compiled by Hargreaves Lansdown. The report estimates that around £1.5 billion will be invested in properties overseas, with Spanish and French property markets set to prove most popular.

Tom McPhail, Hargreaves Lansdowns head of pensions research said: "Its the golden combination of property investment and government tax breaks; people want it and they want it now."