SUNNY Spain is very much the firm favourite for British looking to buy a place in the sun, according to leading currency experts HiFX.
The bi-annual Property Hotspots Report, which analyses a decade of property data, reveals that Spain attracts more buyers than France, USA or Portugal.
Over a third (37%) of Britons searching abroad, made enquiries in Spain, with France now only accounting for 34%.
Mark Bodega, director of HiFX, said: “Spain’s housing market is recovering, amid gradually improving economic conditions.
“The market dipped in 2014 when house prices dropped 3%, but increased investment from foreign buyers in resorts and cities, such as Barcelona and Madrid, has pushed prices back up.”
Country Percentage of enquiries (July 2015) | Percentage of enquiries (March 2015)
1 Spain 37% | 35%
2 France 34% | 35%
3 USA 8% | 7%
4 Portugal 5% | 5%
5 Switzerland 4% | 7%
For more information on HiFX click here
“…when house prices dropped 3%”
Funny how they didn’t point out that prices have dropped as much as between 30 and even 50% since 2008.
Hardly surprising; even mansions are selling for cacahuetes!