Properties in Spain are back in fashion as new research indicates a rise in foreign investors reports propertywire.co.uk

According to the article over 42,000 home purchases were made in a year by foreign investors with almost 20% of those being British which could be down to the current strength of the pound against the Euro and the economic recovery in the UK.

The French purchased just over 8%, with 7.6% from Germany.  Belgians, Swedes and Italians also bought property in Spain, although Russian buyers fell by 50%.

Data from the Ministry of Public Works revealed an increase for the 16th quarter in a row of sales to foreign residents in Spain.

The Association of Registrars also recorded an increase over the first six months of the year with over a third of home purchases made by foreigners in a number of mainland regions.  The Balearic and Canary islands were also very popular with international buyers, making up 33.5% and 27.5% respectively of the homes bought in these locations.

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