Established markets attract British investors

Established markets in Europe are still highly popular with British property investors, a new study has found.

According to Global Edge, towns and cities in Spain have attracted more online searches from prospective investors than anywhere else in the world.

Major tourist hotspots such as Costa Blanca and the Costa del Sol were found to be especially popular, along with places including Valencia and Murcia.

In addition, many buyers were found to be very interested in buying a house on Spanish islands such as Lanzarote and Tenerife.

Global Edge commented: "Five out of the top ten most popular locations are Spanish and the top 103 locations are dotted with Spanish towns and coastal names."

Spain was rated as the most popular location overall, despite the strong competition from rival markets such as Turkey and Cyprus.

Figures from Holiday-Rentals show that 31 per cent of British-owned properties within the continent are in Spanish towns and cities.