Spanish property 'still the most popular' with Britons

Spanish property has been listed as still being the most popular choice for overseas investment in bricks and mortar by Britons, it has been stated.

Overseas property magazine Buy Association said the credit crunch has not stopped large numbers of UK buyers chasing their dreams of owning a property in the country.

The firm stated that because of recent price falls caused by the end of the boom Spain has "some of the best deals in the international real estate market at the moment".

It gave the example of a property in Estapona on the Costa del Sol, which has a bank valuation of £290,310 but is up for sale at £163,078.

Earlier this month Spanish Property Insight stated that the potential for bargains could be a lot greater than official figures suggest, commenting that government data indicating house prices are still rising in the country is not taken seriously by many people, with most accepting that prices are down.
 

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