Higher temperatures, sandier beaches and sunnier skies - there are a wide range of factors that draw British investors to foreign countries each year as they look to acquire property overseas.

And despite the current turmoil in the eurozone, France and Spain now top the list when it comes to locations in which Brits are seeking to purchase a home abroad - beating off competition from the likes of the US and Australia.

According to the latest figures from HiFX currency specialists, 35 per cent of Brits looking to buy foreign property list France as their favourite location, with Spain occupying second place as 16 per cent would look to join the booming ex-pat ranks.

"France remains a 'safe bet' for Brits. It goes without saying that the sun and lifestyle are a big pull but buyers are now also able to get better value for their money," said Mark Bodega, director at HiFX.

With France now topping the list for British investors that are looking abroad, many may be buoyed by the news that the IMF have raised their growth forecast for the country - a factor that could see increased activity in French markets that may serve to boost the value of foreign assets.

People who do possess such properties will be looking to safeguard their holdings and protect them against any damage that may occur in their absence, so second home insurance policies could become increasingly important for those who own property in France or Spain.

Given that Eurostar have reported an annual four per cent jump in the number of passengers that used their service in the first quarter of 2012, it appears that Brits are continuing to be drawn to European destinations for their holidays

This could result in a growing demand for short-term rental accommodation in countries served by the Eurostar, so owning property seems to offer expanding potential to investors considering acquiring property abroad.