Brits back to sunny Spain for overseas property

The number of Britons buying abroad plunged after the financial crisis but the strong pound and relatively buoyant UK economy are making a home in the sun look more affordable.

Sky-high UK house prices have given many homeowners enough spare equity to fund an overseas purchase, while mortgage finance is cheap.

Clare Nessling, director at overseas mortgage specialists Conti, says: “Spain remains top of the list for British buyers, accounting for roughly half of our enquiries.”

The Costa Blanca is the number one destination for Spanish sunseekers, followed by the Costa del Sol, Balearic Islands, such as Majorca, and the Canaries.

Nessling adds: “The Spanish property market is on the up again after a tough few years and British investors are rediscovering their love for this beautiful country.”

http://www.express.co.uk/

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