In the last seven months more and more Brits have been making money transfers and snapping up property in Spain, according to one expert.
James Dearsley, European sales director for Atlas International, described how the country has remained popular with investors in the UK despite the unstable economic climate.
He suggested that individuals have noted the stability in the property market and sought to take advantage of the profitable conditions.
"Atlas International has seen considerable interest from holiday home owners looking to capitalise on the low prices, but also a return of the property investor knowing there are good returns to be made both from capital and rental investment perspectives," Mr Dearsley stated.
It was claimed that since the end of 2010, the overseas housing market has undergone a "remarkable transformation", with confidence returning among property moguls.
For those keen to purchase a second home in the sunshine, Mr Dearsley commented that Spain is a prime location that offers cheap accommodation at a fraction of the cost of the UK.
He remarked that the country's property market is not only proving cheaper, but also boasts something that the British equivalent "can never offer", namely an investment "you can enjoy in 320 days of sunshine".
People were advised that interest in homes in Spain has been accelerating throughout 2011 and many individuals are investing while prices remain low.
Mr Dearsley explained that it is unlikely house values will plummet any further and so many of those with capital are buying now so that they have a holiday home that can later become a place of permanent residence in the future.
His comments follow recent research from the Worldwide Property Group that revealed 67 per cent of Brits believe it is a good time to make a foreign investment.
Posted by Thomas Smith
Click here to find out how much you can save with HiFX's Foreign Exchange services.
James Dearsley, European sales director for Atlas International, described how the country has remained popular with investors in the UK despite the unstable economic climate.
He suggested that individuals have noted the stability in the property market and sought to take advantage of the profitable conditions.
"Atlas International has seen considerable interest from holiday home owners looking to capitalise on the low prices, but also a return of the property investor knowing there are good returns to be made both from capital and rental investment perspectives," Mr Dearsley stated.
It was claimed that since the end of 2010, the overseas housing market has undergone a "remarkable transformation", with confidence returning among property moguls.
For those keen to purchase a second home in the sunshine, Mr Dearsley commented that Spain is a prime location that offers cheap accommodation at a fraction of the cost of the UK.
He remarked that the country's property market is not only proving cheaper, but also boasts something that the British equivalent "can never offer", namely an investment "you can enjoy in 320 days of sunshine".
People were advised that interest in homes in Spain has been accelerating throughout 2011 and many individuals are investing while prices remain low.
Mr Dearsley explained that it is unlikely house values will plummet any further and so many of those with capital are buying now so that they have a holiday home that can later become a place of permanent residence in the future.
His comments follow recent research from the Worldwide Property Group that revealed 67 per cent of Brits believe it is a good time to make a foreign investment.
Posted by Thomas Smith
Click here to find out how much you can save with HiFX's Foreign Exchange services.
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