Spanish property proving popular with British investors

There has been an increase in the number of British property investors looking to purchase homes in Spain, new figures suggest.

According to Primelocation, the level of search activity for the country has risen by 43 per cent over the past 12 months.

However, the property portal revealed that Spain was not the country with the largest increase over the year, with the US experiencing 90 per cent growth.

It means that Spain has overtaken France as the most popular destination for Brits to buy property abroad, with interest up 20 per cent on its European rival.

Speaking about the changing trends, Ann Wright, international development manager at Primelocation International said that a mixture of reasons have led to Spain overtaking France.

"There's no single explanation for this trend - it's a mixture of hard-headed commercial considerations as people see bargains in weaker housing markets like Spain and the US, as well as changes in fashion and perhaps the influence of politics to," she said.

Indeed, the number of distressed properties entering the Spanish market may prove tempting for buyers, with the opportunity to pick up a bargain.

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