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Spain and France 'popular with younger people'

Article Date : Monday, October 01, 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

Spain and France are both highly popular destinations among younger people, according to an expert.

Mike Jones, business development director at Bank of Scotland International, stated that four in ten Britons were interested in buying property abroad, while these two countries were among the most highly sought-after.

Many of those who were interested in investing overseas were said to be below the age of 55, thereby disproving the "general misconception" that most foreign buyers were retirees or people nearing the end of their working life.

Speaking to Mortgage Solutions, Mr Jones commented: "Last year, a survey conducted by Banco Halifax Hispania found that of the people who would most like to live in Spain, nearly seven in ten were under the age of 55."

He added that people tended to invest in France and Spain with different objectives in mind, as some wanted to move abroad permanently while others wanted a holiday home.

According to travel writer Stephen Morgan, foreigners have been tempted to relocate to the country because of factors such as its good climate and attractive scenery.
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