You are here: Home - Investing -

British love affair with Spanish property continues

0
Written by:
06/11/2012
Spain dominates the leader boards for Brits looking for holiday homes.

According to the recently published Quarterly Index report from The Overseas Guide Company, 79% of British citizens were looking to purchase property in the Eurozone during Q3 2012, with Spain leading the trend.

Richard Way, editor of The Overseas Guides Company, said: “Let’s not forget, the euro was at a four-year low against Sterling by the end of July this year – no doubt a contributing factor to the especially busy August.

“Combine that with the knock-down prices, which families would have seen first-hand during their summer holiday in many destinations, and you can see where the interest has come from.

“The results of our Q3 Quarterly Index support the finding from our recent survey that more than 79% of Brits have not been deterred from buying in their chosen overseas destination by the current economic crisis.”

Spain remains a leader, having grown in attractiveness throughout 2012 from just 16% in Q1 to 22% in Q2.

Q3 2012 ended with Spain taking 24% of total enquiries – sharing the top spot with France.

Marc Pritchard, sales and marketing manager at leading Spanish house builder Taylor Wimpey España said: “It’s great to see that Brits have not been deterred – it’s obvious that the nation is still considered one of the best places to buy a second home.

At Taylor Wimpey España we’ve actually seen our sales increase this year with a 52% increase in sales on the Costa del Sol and an impressive 76% increase on the Costa Blanca until September 2012 compared to the same period last year.”

One of the most famous coastlines in Spain, the Costa Blanca attracts millions of visitors each year and is traditionally a favourite destination for foreign buyers.

According to data from Kyero.com, Spain’s largest English language property portal, Alicante is a firm favourite for second home buyers.

Kyero’s Spanish House Price Index for October 2012 shows that Alicante property is priced significantly below the national average of €244,000 at €206,000.

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2222668-hands-catching-money
Banks set aside £1.5bn+ for PPI claims

The UK's biggest high street banks have set aside in excess of £1.5bn in additional provisions to payout on PPI...

Close