Brits ’still dream of Spanish homes’
By Sue Brown, 27 Mar 2008
Spain is still a dream destination for many British people looking to purchase overseas property, it has been claimed.
According to southern Spanish newspaper Sur, many UK buyers are undeterred by recent negative publicity surrounding foreign property investment and view Spain as one of the most desirable places in the world to own a home.
Sur made these comments after speaking with Britons about their hopes of moving to Spain or buying a second home on the southern Costas.
Rebekah Lowe of Livingstone Estates told Sur that although some professional investors may be tempted by emerging markets where prices are lower, people looking to buy a property for their own use will continue to be attracted to Spain. "Spain is for living in and people will always want Spanish properties," she commented.
In a widely reported interview, Terry Walker of specialists, PropertyInSpain.Net said: "70% of all buyers want Spain because it offers that unique mix of accessibility, friendly culture and sunshine, coupled with peer recognition and value for money.
"Despite all the hype, Florida and Bulgaria have each managed a one percent market share. The economy in Spain is sound compared with the UK and continues to a show growth. This is a long established market and as it remains Europe’s favourite holiday destination, property investors cannot lose out." he added.
According to a recent report from Spanish property website Kyero.com, coastal regions such as the Costa Blanca and Costa del Sol remain "at the fore of the public psyche" for UK people hoping to move abroad.
Q & A on Spanish Repossessions
Spanish Bank Repossessions | 'Must Sell' key ready homes
Property in Spain Information Centre
Spanish Property News Service