You are here: Home - Household Bills - News -

Brits rekindle love affair with Spanish property

Written by:
Spain remains the top destination for Brits moving overseas, with the Costa Blanca the most popular area of the country.

Research by overseas property experts Conti found that the Costa Blanca – the stretch of coastline in south eastern Spain – saw the most enquiries from Brits moving overseas.

The firm said 27% of all Spanish mortgage enquiries in the last three years were for properties located in this area. The majority of buyers were looking for homes in Alicante, although other towns in the area were also popular.

In total, Spain accounted for 45% of all foreign mortgage enquiries during the second quarter of 2015.

Some 23% of would-be Spanish buyers were looking towards the Costa del Sol – home to miles of beaches, golf courses and other amenities aimed at the British expat community, particularly the town of Marbella.

The Balearic Islands accounted for 18% of property purchases, home to Ibiza and popular nightlife hotspots as well as quieter villages.

Other popular Spanish locations included the Canary Islands and Lanzarote, the firm said.

Clare Nessling, director at Conti, said buyers from Britain were starting to return to the Spanish market following a turbulent period.

“Following a very tough few years, the Spanish property market is on the up again at last and British investors are rediscovering their love for this beautiful country,” she said.

“Although prices have generally still to come back up to their pre-2008 levels, recent reports suggest that the property market is experiencing a widespread recovery and this is leading to increased confidence among investors.

“Combine this with the growing strength of the pound against the euro, which recently hit a seven and a half year high, and you can see why buyers are returning in their droves.”

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.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

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...

Money Tips of the Week

Read previous post:
Tilney Bestinvest launches range of ‘takeaway’ fund portfolios

Wealth manager Tilney Bestinvest has entered the robo-advice market with the launch of a range of ready-made fund portfolios.