Eurozone property markets boosted by falling value of the euro

The current strength of the euro is having big implications on the property markets in eurozone countries such as Spain, it has been reported.

According to an article in British newspaper the Daily Telegraph, the recent fall in strength of the euro has led to an increasing amount of Brits looking to purchase overseas property.

The slight strengthening of the GBP combined with low mortgage rates and falling house prices on the Continent is seen as an attractive proposition by many.

Claire Nessling, operations director at Conti Financial Services, told the news provider that it had seen an increase in the number of individuals looking for foreign mortgages.

She explained: "[Investors] are already looking to capitalise on low interest rates overseas and cheaper house prices and that is the driving force.

"If the euro dips a bit that will only encourage them more."

The latest Post Office Holiday Money Report said that Spain is the cheapest destination for Brits to visit in the eurozone.

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