Brits Remain Loyal to Spanish Property Market
Mortgage specialist Conti is convinced that for UK overseas property investors, traditional locations will emerge victorious from the global market downturn. According to the firm, investors are sticking to ‘proven’ locations as revealed in its latest ‘hot spots’ report.
France takes first place, accounting for 31% of enquiries received by the company so far this year, but Spain follows on with 22%. A surprising result in view of recent negative press. Enquiries have increased considerably with the countries accounting for 53% of all 2009 enquiries so far, compared with 29% in the same period last year.
Conti’s operations director Clare Nessling says: “British buyers are sticking to the more traditional overseas locations, especially those with history of providing good rental returns. The smart investor is no longer simply looking to where the best bargains for a swift return can be found, but to where security lies for a longer term investment.”
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