Cookies on the this website
We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website. However, if you would like to, you can change your cookie settings at any time.
Continue

New to PropertyWire?

Welcome, and thank you for visiting our website.

PropertyWire is the leading publication for property investors and industry professionals interested in the world of international property investment.

Our aim is to give you intelligent commentary and analysis on the world of retail and commercial real estate.
If you've enjoyed what you've read so far why not sign up for our FREE property alert and online magazine PropertyWire Confidential.

Every week the PropertyWire team sends out a hard-hitting newsletter packed with news and analysis of the top stories plus the best investment opportunities on the market. We always look at the bigger picture like the Euro Crisis, and explain how this will affect YOUR investments.


Ask me later
No thanks

Tue
Jul 29th
Lost Password? Register
Home arrow News arrow Global News arrow Spain is most popular destination for Brits looking for property abroad

Spain is most popular destination for Brits looking for property abroad

Friday, 26 June 2009
Spain the most popular with Brits
Spain the most popular with Brits

British property investors are still showing considerable interest in buying real estate abroad despite the recession, according to the latest figures from an international search website.

Spain is the number one search destination, pushing France into second place, according to the latest figures from primelocation.com. Bargain prices in Spain are believed to be the reason it has sprung to the top of the list although it has always been very popular with UK investors.

Searches for properties in Spain have increased 27% year on year. The country now accounts for 30.53% of international searches. France is the second most popular with 27% and the US in third place with 14.34%, that's up 87% compared to May 2008 and could be due to bargain properties in Florida.

Searches in Portugal have also increased by 15% since May 08 and by 12% since April 09 while Italy is showing a 13% increase in searches since May 08. Italy is in fourth place with 6.24% of searches, followed by Portugal with 5.93%

Interest in Switzerland has also increased 20% year on year, possibly fuelled by the recent increase in income tax for top earners in the UK

Former popular areas for British investors such as Cyprus and Bulgaria still record only a tiny part of overall searches at 1.26% and 0.75% respectively.

The United Arab Emirates is in sixth place with 1.73%, turkey in eighth place with 1.18% and Australia in ninth place with 0.93%.

'Although the market is slow there are still buyers and investors out there with an interest in certain areas. Many will be looking to take advantage of the reduced property prices,' said Ann Wright, International Development Manager at Primelocation.com.

This story relates to: overseas property  portugal  spain  tax  uk  [SEE ALL]


BOOKMARK THIS PAGE (What is this?)     Digg!Reddit!Del.icio.us!Google!Live!Facebook!StumbleUpon!Newsvine!Furl!Yahoo!

 
Related News
More Recent News
Earlier News
To see all the latest news articles in our monthly online magazine, Property Wire Confidential, sign up free here






West Tower

West Tower

Car park

home rental guide

Limousin Guide

Barratt Homes

Limousin Guide

West Tower

Related Stories: Top News

Families renting in key global cities want a secure tenancy, new research showsFamilies renting in key global cities want a secure tenancy, new research showsSignificant differences in the structure of the private rental markets in London, New York, Berlin and the Randstad cities in Holland have led to vastly different numbers of families choosing to rent, new research shows.

Search for Properties:

Feature story

Student accommodation investment check List

It’s the UK’s strongest asset class, but are all student accommodation properties good investments? This is the comprehensive list of what to watch out for when buying student property.

 

Company news

First women president for RICS

Louise Brooke-Smith has become the first female president of the Royal Institution of Chartered Surveyors (RICS) in its 146 year history.

Finance Update

Halifax and Lloyds mortgage range changes

Home owners are now able to purchase new build properties through both Halifax and Lloyds Bank Help to Buy Mortgage Guarantee scheme products.

Features

Student accommodation investment check List

It’s the UK’s strongest asset class, but are all student accommodation properties good investments? This is the comprehensive list of what to watch out for when buying student property.

 

Newsletter

Subscribe to our weekly newsletter and stay updated on the property market trends.
Subscribe now >>

Subscribe to our property and real estate industry news feed (RSS)