Property buyers drawn to lifestyle attractions

Many overseas property buyers are choosing to buy homes in places which offer lifestyle attractions, according to a new study.

Research by Holiday-Rentals revealed that leisure facilities are one the main considerations for people when choosing their ideal location.

More than two-thirds of second home owners stated that this was a "key motivation" behind their purchase.

Holiday-Rentals said this helps to account for the continuing popularity of Spain, a country which is currently in the midst of a major downturn.

The group added that the appeal of the country among foreign holidaymakers means it still offers strong rental potential.

Greg Grant, managing director of Holiday-Rentals, commented: "We expect to see continued growth in the holiday home rentals market, both in terms of supply and demand."

According to figures from the organisation, 31 per cent of British-owned residences in Europe are located in Spain.