Homes in Spain remain a British overseas investment favourite
Spain is still the top overseas property investment location according to a new report.
In its twice-yearly in-depth look at overseas property investment, Moneycorp finds almost twice as many Brits are looking to buy property in Spain than France.
The foreign currency specialist reports 30 per cent of overseas property investment enquiries were for a second home in Spain, compared with 14 per cent in France.
“Spain is still one of the top countries for people buying overseas property. The market is tried and tested, has a solid history of providing good investment and rental returns and has been a magnet for UK buyers for years,” Moneycorp noted in its Foreign Focus Index.
After France and Spain, Brits were also making enquiries for overseas property in the US and Bulgaria.
The USA and Bulgaria were both equally popular, representing 12 per cent of overseas property enquiries each.
“Some of the biggest property growth in Florida can be experienced on the Gulf Coast in destinations such as Tampa Bay, St Petersburg, Fort Lauderdale and Sarasota. Tampa Bay is a burgeoning financial district being transformed into a vibrant hub for city workers wanting to reside in luxury waterside apartments,” Moneycorp reports.
“Bulgaria is becoming increasingly popular with buyers from the North, West Midlands and Wales. People from these regions are far more likely to purchase property in Bulgaria than in the more traditional market of France,” the foreign currency company explained.
Other popular overseas property buying locations were the United Arab Emirates, Portugal, Cyprus and Italy.
Source:aboutproperty. co. uk