Spain Attracts New Wave of British Buyers

May 6th, 2010

A new generation of British buyers are entering the Spanish property market – lured by cheap homes. UK agent sales are up on this time last year, with more Brits choosing investment properties in locations such as Turkey and Egypt. But buyers who were putting off finding holiday homes during the recession are also returning to traditional destinations such as Spain.

Holiday-home buyers in Spain and France still dominate the market – and many have decided now is the time to buy. The two countries made up two-thirds of UK based broker Conti’s overseas mortgage business last month.

Enquiries for Spanish properties make up 92% of the current demand, compared with 50% just two years ago. Two-thirds of our clients have been registered with us for over a year. Most people have thought about buying before – Spain isn’t a new destination for them. But there’s been some recognition that maybe prices won’t go down further.

Related posts:

  1. Holiday Home Bargains in Spain
  2. Andalucia to Subsidise Home Buyers With One Billion Euros
  3. Spain Sees Return of International Lifestyle Buyer
  4. Confidence Growing In Spanish Property Market
  5. Spanish Sales Surge in Renewed Investor Confidence

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