More Brits looking to invest in property overseas

The number of internet searches by Brits for property overseas has increased exponentially in the last 12 months, according to a study conducted by an estate agent consortium.

Data collected by Primelocation.com shows that June 2010 saw a 151 per cent increase in the number of searches for property in Spain by UK citizens compared to June 2009, reported British newspaper The Telegraph.

Searches for Spanish property accounted for a third of the overall number of overseas housing internet enquiries.

In May, the consortium reported international property searches had increased by an average of 109 per cent between May 2009 and May 2010.

Despite economic worries concerning the eurozone and a potential capital gains tax increase, Spain has remained a popular destination for those Brits searching for overseas property.

Ann Wright, international development manager for Primelocation.com, told The Telegraph: "Spain's main attractions are still the warm climate, great beaches and unique culture. These factors will still draw in international buyers whatever the economic situation."

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