Spain proving popular with investors

Despite concerns surrounding the economy, interest in property in Spain from British buyers has not been dampened.

The country's property market appears to have weathered the latest worries surrounding the state of its finances, with Rightmove reporting that interest from Brits remained high during March.

Indeed, the province of Valencia in Spain was the website's top climber in terms of searches over the course of the month, with a massive rise of 166.78 per cent compared to the previous month.

Conversely, Australia appears to be heading in the opposite direction with five separate regions in Rightmove's top ten fallers.

Shameem Golamy, head of overseas sales at the firm, noted that Spain was not the only destination that has been downgraded on the international financial markets to see an increase in interest.

"This could be from savvy investors looking to cash in on the economic uncertainty in those territories, or simply those looking to research property prices before flying away to enjoy the holiday season," he added.

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