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HiFX: France still leads the way in overseas market

Article Date : Wednesday, March 07, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

France remained the most popular location for Britons looking to buy abroad in January, according to one currency exchange firm.

In its Global Property Hot Spots Report for January, HiFX revealed that 29 per cent of enquiries it received concerned France.

Spain closely followed, accounting for 26 per cent of enquiries ? a fall of two per cent on December 2006.

No other country was able to account for a percentage of enquiries in the region of double figures.

Chris Howard, managing director of 4:Property, told What Investment: "France tends to attract more well heeled investors looking for rural locations, while Spain usually appeals to baby-boomers looking for an apartment on the coast."

He added that demand for French and Spanish property among UK investors is likely to continue as the countries are nearby and familiar.

Last month, property developer Lar Sol claimed that the ease with which Britons can invest in property in Spain is encouraging some of the UK's "best entrepreneurs" to head to the country.
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