THE time for Brits to buy a holiday home in Spain is now.
As markets favour the pound over the euro, the interest in buying abroad has gone through the roof.
Now, 48% more Britons are searching for property in Spain than this time a year ago.
“British borrowers are increasingly interested in Spain, the Balearics and the Canaries, where interest rates are around 3% and lenders expect a 30-40% deposit,” said Spanish property broker Simon Conn.
Currently, the average budget for a British buyer in Spain is €517,000, higher in Barcelona (€758,000) but lower in Lanzarote (€148,000).
In Andalucia, the average budget stands slightly above the nationwide average at around €550,000.
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