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.
If you are looking for a holiday home in Spain then remember to protect your investment with suitable insurance cover. Click4quote.com can provide holiday homes insurance for properties in a number of European countries so why not get a quote from Click4quote.com. Call us on 01206 655899 today.