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Britons of all ages looking to Spanish property

Article Date : Tuesday, June 05, 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

Spanish property is no longer the preserve of the elderly looking to enjoy their retirement in a sunny climate, a new study has revealed.

Research from Banco Halifax Hispania found that it was 35 to 44-year-olds who were the most likely to profess their intentions to move to Spain, with the younger generations also showing strong interest.

Just 22 per cent of over 65s said they would be interested in such a move, compared with almost two thirds of those aged under 55.

"It has long been assumed that only retirees are buying property in Spain, but this is far from the case, as it is also a popular location amongst younger age groups."

The region with residents most eager to escape abroad was the south east, with one in ten respondents who expressed an interest coming from the country.

Last month a property advisor suggested that recent stories regarding a slowdown in the Spanish property market were "misleading".
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