Despite the more challenging economic climate, there is good news for the much maligned Spanish property market in new report released just recently by the currency exchange specialist, HiFX. The report states that despite the current economic problems in the UK, as well as the financial issues in Spain, the country still remains the second most popular destination for Brits looking to purchase a property overseas.
France topped the destinations chart, with 23% of respondents stating that they would like to purchase a property in France, Spain came second, with just over 19% stating that they would be interested in buying a property in Spain. In third place was the US, was other destinations including Italy, Cyprus and Portugal following behind.
The main reasons given for wanting to purchase a property overseas were given as weather and general standard of living. Over a quarter of all respondents stated they would look to spend between £50,000 – £100,000, whilst 16% said that they would be looking to spend in excess of £100,000 on their overseas property purchase.
