Economic troubles boosting Spanish property searches

Spain has emerged as the most desired investment location for Brits looking to buy property abroad, new figures would suggest.

The growing interest in the popular holiday destination can be put down to the economic uncertainties being experienced in the country, Primelocation stated.

According to statistics, released by the portal, searches and enquiries for Spanish property increased by 145.7 per cent in August compared to the same period one year ago.

Ann Wright, international development manager at Primelocation, said: "The economic difficulties in these countries have been well documented and they have contributed towards a huge surge of activity in Brits searching for properties in these markets."

"In the case of properties in the Mediterranean [prices] have held up well as demand from overseas buyers remains strong."

The news may encourage a number of potential investors to look at one of the large number of distressed properties which are currently being sold, with many available with huge discounts.

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