News
Brits choose Spain
Wednesday 14 May 2008
Spain is the most popular foreign property investment country for Britons.
That is according to research from Currencies Direct, which found that Brits still prefer to buy in Europe.
It is great news for anyone who owns an investment property in Spain as increased demand will help to push up prices.
According to the survey, six of the top ten foreign property investment destinations were in Europe, with Spain and France dominating.
"The Spanish property downturn has not snowballed into a crash, and savvy investors are beginning to look further inland for investment opportunities in regions such as Andalucia, where the properties are more reasonably priced than those on the coast," said Mark O'Sullivan from Currencies Direct.
"Brits won't lose money by investing in the Spanish property market if they avoid over-developed areas and buy wisely in the right location, and at the right price," he added.
British people have been buying investment properties in Spain for many years and most are attracted to the warm climate, the beautiful surroundings and the more relaxed way of life.
That is according to research from Currencies Direct, which found that Brits still prefer to buy in Europe.
It is great news for anyone who owns an investment property in Spain as increased demand will help to push up prices.
According to the survey, six of the top ten foreign property investment destinations were in Europe, with Spain and France dominating.
"The Spanish property downturn has not snowballed into a crash, and savvy investors are beginning to look further inland for investment opportunities in regions such as Andalucia, where the properties are more reasonably priced than those on the coast," said Mark O'Sullivan from Currencies Direct.
"Brits won't lose money by investing in the Spanish property market if they avoid over-developed areas and buy wisely in the right location, and at the right price," he added.
British people have been buying investment properties in Spain for many years and most are attracted to the warm climate, the beautiful surroundings and the more relaxed way of life.
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