Canary Islands popular with British buyers

Demand for Spanish property could be set to rise following the recent comments of one expert.

Nick Marr, chief executive officer at Homesgofast.com, has claimed that the Canary Islands are currently viewed as one of the best places for foreign property investment.

The expert also suggested that Turkey, Brazil and Malaysia are also top property investment destinations at present.

"Lifestyle buyers, as apposed to investors who wanted to buy a second home in Spain or retire to the region, seem to be quenching their thirst for Spanish property by heading towards the Canary Islands," Mr Marr added.

Meanwhile, it has recently been claimed that the weakness of the Spanish property market and the chance to pick up a cheap home have ensured that Spain remains one of the most popular places for British buyers.

A report by mortgage strategy.co.uk has suggested that the European destination remains the number one place for investors to pick up a bargain.

Like this? Then share with your friends and colleagues!